Weyerhaeuser (NYSE:WY) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser (NYSE:WY) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,011,223 shares of the real estate investment trust’s stock after purchasing an additional 198,789 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of Weyerhaeuser worth $278,550,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth about $26,000. Millburn Ridgefield Corp acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its stake in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares during the period. Lindbrook Capital LLC lifted its position in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Weyerhaeuser by 400.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WY shares. BMO Capital Markets boosted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada lowered their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.67.

Weyerhaeuser Stock Down 0.4 %

WY stock opened at $30.73 on Thursday. The firm has a fifty day moving average price of $33.61 and a two-hundred day moving average price of $32.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 27.94 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. Research analysts predict that Weyerhaeuser will post 1 EPS for the current year.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.