California Public Employees Retirement System Reduces Holdings in Weyerhaeuser (NYSE:WY)

California Public Employees Retirement System trimmed its stake in Weyerhaeuser (NYSE:WY) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,425,045 shares of the real estate investment trust’s stock after selling 42,279 shares during the period. California Public Employees Retirement System owned 0.20% of Weyerhaeuser worth $49,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. lifted its position in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Weyerhaeuser during the 4th quarter valued at about $26,000. Lindbrook Capital LLC lifted its position in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the period. Finally, Rational Advisors LLC purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $40,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.46 on Friday. The company has a 50 day moving average price of $33.98 and a 200-day moving average price of $32.71. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The firm has a market capitalization of $22.95 billion, a PE ratio of 27.36 and a beta of 1.43. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is 69.57%.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WY. BMO Capital Markets lifted their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.00.

Weyerhaeuser 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.