Raymond James Trust N.A. Has $2.55 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Raymond James Trust N.A. increased its position in shares of Weyerhaeuser (NYSE:WY) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,241 shares of the real estate investment trust’s stock after purchasing an additional 10,598 shares during the quarter. Raymond James Trust N.A.’s holdings in Weyerhaeuser were worth $2,548,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its holdings in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC boosted its stake in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares in the last quarter. Trust Co. of Toledo NA OH grew its holdings in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after purchasing an additional 402 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Weyerhaeuser by 5.3% in the third quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 414 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.24 on Friday. The firm’s 50 day moving average price is $32.28 and its two-hundred day moving average price is $30.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market cap of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Truist Financial upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.33.

Insider Activity

In other news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

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.