Bedel Financial Consulting Inc. Has $275,000 Stake in Weyerhaeuser (NYSE:WY)

Bedel Financial Consulting Inc. reduced its stake in shares of Weyerhaeuser (NYSE:WY) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,901 shares of the real estate investment trust’s stock after selling 436 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Weyerhaeuser were worth $275,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after acquiring an additional 58,688 shares in the last quarter. Wellington Management Group LLP grew its stake in Weyerhaeuser by 22.7% in the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after purchasing an additional 3,573,013 shares in the last quarter. Northern Trust Corp increased its position in Weyerhaeuser by 4.7% in the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after purchasing an additional 532,923 shares during the last quarter. Invesco Ltd. raised its stake in shares of Weyerhaeuser by 3.5% during the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after purchasing an additional 365,241 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after buying an additional 198,789 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded down $0.26 during trading on Thursday, reaching $31.10. The company’s stock had a trading volume of 4,181,784 shares, compared to its average volume of 3,440,531. The business’s fifty day moving average price is $33.18 and its 200-day moving average price is $32.87. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The firm has a market cap of $22.67 billion, a price-to-earnings ratio of 28.42 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.21 earnings per share. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, BMO Capital Markets upped their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.67.

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.