Folger Nolan Fleming Douglas Capital Management Inc. Invests $205,000 in Weyerhaeuser (NYSE:WY)

Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of Weyerhaeuser (NYSE:WY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,061 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Swedbank AB purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $106,141,000. Price T Rowe Associates Inc. MD grew its position in Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after acquiring an additional 2,874,101 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Weyerhaeuser by 30.4% during 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 purchasing an additional 2,004,073 shares during the period. M&G Plc acquired a new position in shares of Weyerhaeuser during the first quarter worth $60,792,000. Finally, Millennium Management LLC boosted its stake in shares of Weyerhaeuser by 512.3% in the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after purchasing an additional 1,308,125 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $31.73 on Thursday. The business has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $30.80. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 42.88 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.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts expect that Weyerhaeuser will post 0.45 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WY. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Insider Activity

In related news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

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.