The 15,049 Shares of Stock are sold by Weyerhaeuser Co. (WY) SVP Denise M. Merle

The 15,049 Shares of Stock are sold by Weyerhaeuser Co. (WY) SVP Denise M. Merle

Weyerhaeuser Co. (NYSE:WY) SVP Denise M. Merle sold 15,049 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $31.12, for a total transaction of $468,324.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Weyerhaeuser Co. (NYSE:WY) opened at 31.34 on Thursday. The stock’s 50 day moving average price is $31.22 and its 200-day moving average price is $31.17. Weyerhaeuser Co. has a one year low of $22.06 and a one year high of $33.17. The stock has a market cap of $23.47 billion, a PE ratio of 40.39 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.01. The business earned $1.41 billion during the quarter, compared to analysts’ expectations of $7.54 billion. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 158.98%.

Several brokerages recently weighed in on WY. Dundee Securities downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Goldman Sachs Group Inc. began coverage on Weyerhaeuser in a report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 price target for the company. Zacks Investment Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Argus restated a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.38.

A number of large investors have recently made changes to their positions in the company. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 37,142,044 shares of the real estate investment trust’s stock valued at $1,105,719,000 after buying an additional 1,046,922 shares in the last quarter. State Street Corp increased its stake in shares of Weyerhaeuser by 55.0% in the first quarter. State Street Corp now owns 33,117,766 shares of the real estate investment trust’s stock valued at $1,025,997,000 after buying an additional 11,754,704 shares in the last quarter. Capital World Investors increased its stake in shares of Weyerhaeuser by 37.0% in the second quarter. Capital World Investors now owns 22,619,766 shares of the real estate investment trust’s stock valued at $673,390,000 after buying an additional 6,112,230 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Weyerhaeuser by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 7,868,617 shares of the real estate investment trust’s stock valued at $234,249,000 after buying an additional 119,230 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Weyerhaeuser by 52.3% in the first quarter. Geode Capital Management LLC now owns 7,310,636 shares of the real estate investment trust’s stock valued at $226,081,000 after buying an additional 2,509,165 shares in the last quarter. 75.73% of the stock is owned by hedge funds and other institutional investors.

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