Kiley Juergens Wealth Management LLC Has $811,000 Stock Holdings in Weyerhaeuser (NYSE:WY)

Kiley Juergens Wealth Management LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,315 shares of the real estate investment trust’s stock after selling 585 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Weyerhaeuser were worth $811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in Weyerhaeuser in the first quarter valued at about $52,000. Cibc World Market Inc. bought a new position in shares of Weyerhaeuser during the 1st quarter valued at about $1,440,000. Dimensional Fund Advisors LP lifted its holdings in shares of Weyerhaeuser by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock valued at $15,730,000 after purchasing an additional 5,984 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Weyerhaeuser by 2.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock valued at $1,570,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Weyerhaeuser by 10.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 596 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY traded down $0.72 during trading on Tuesday, reaching $31.97. 2,658,761 shares of the company traded hands, compared to its average volume of 3,448,292. The company’s 50 day moving average is $34.22 and its two-hundred day moving average is $32.66. The firm has a market capitalization of $23.33 billion, a PE ratio of 28.43 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 has a 52 week low of $28.12 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 69.57%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser 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, Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

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.