Weyerhaeuser Company $WY Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its holdings in Weyerhaeuser Company (NYSE:WY) by 32.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,435 shares of the real estate investment trust’s stock after selling 30,570 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Weyerhaeuser were worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cromwell Holdings LLC boosted its stake in Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares during the period. FNY Investment Advisers LLC acquired a new position in Weyerhaeuser in the 4th quarter worth approximately $39,000. Optiver Holding B.V. acquired a new position in Weyerhaeuser in the 3rd quarter worth approximately $42,000. Lodestone Wealth Management LLC acquired a new position in Weyerhaeuser in the 4th quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. boosted its stake in Weyerhaeuser by 69.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 784 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.8%

Shares of NYSE:WY opened at $23.72 on Wednesday. The firm has a fifty day moving average of $24.30 and a two-hundred day moving average of $24.20. The firm has a market capitalization of $17.10 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $0.11 EPS. Weyerhaeuser’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Company will post 0.26 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 155.56%.

Analysts Set New Price Targets

WY has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Citigroup decreased their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average price target of $28.50.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director owned 24,066 shares in the company, valued at $618,496.20. The trade was a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is currently owned by insiders.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.