Independent Advisor Alliance Has $263,000 Position in Weyerhaeuser (NYSE:WY)

Independent Advisor Alliance lowered its holdings in Weyerhaeuser (NYSE:WY) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,771 shares of the real estate investment trust’s stock after selling 593 shares during the quarter. Independent Advisor Alliance’s holdings in Weyerhaeuser were worth $263,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WY. Legal & General Group Plc grew its stake in shares of Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after purchasing an additional 503,059 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after buying an additional 454,095 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after acquiring an additional 2,004,073 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Weyerhaeuser by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust’s stock worth $132,709,000 after acquiring an additional 740,508 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after acquiring an additional 804,650 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Truist Financial upped their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 1.4 %

WY opened at $32.35 on Friday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market capitalization of $23.50 billion, a PE ratio of 43.72 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $32.20 and a two-hundred day moving average price of $30.82.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

About Weyerhaeuser

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.