Massachusetts Financial Services Co. MA Trims Position in Weyerhaeuser Company $WY

Massachusetts Financial Services Co. MA trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 51.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,875,477 shares of the real estate investment trust’s stock after selling 2,019,739 shares during the period. Massachusetts Financial Services Co. MA owned 0.26% of Weyerhaeuser worth $46,493,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in Weyerhaeuser by 4.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 35,722 shares of the real estate investment trust’s stock worth $886,000 after buying an additional 1,649 shares during the period. Bfsg LLC boosted its stake in shares of Weyerhaeuser by 3.2% in the third quarter. Bfsg LLC now owns 190,384 shares of the real estate investment trust’s stock worth $4,720,000 after acquiring an additional 5,819 shares during the period. Peoples Financial Services CORP. grew its position in shares of Weyerhaeuser by 125.6% during the third quarter. Peoples Financial Services CORP. now owns 2,130 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,186 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Weyerhaeuser by 10.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 27,046 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 2,521 shares in the last quarter. Finally, Wealth Effects LLC raised its stake in Weyerhaeuser by 32.1% during the 3rd quarter. Wealth Effects LLC now owns 18,500 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis acquired 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $23.61 per share, with a total value of $106,245.00. Following the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.4%

Shares of WY opened at $27.07 on Thursday. The stock has a market capitalization of $19.51 billion, a PE ratio of 60.16, a P/E/G ratio of 106.93 and a beta of 1.04. The company’s fifty day moving average is $23.49 and its 200 day moving average is $24.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $0.05 earnings per share. Weyerhaeuser’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s payout ratio is presently 186.67%.

Analyst Upgrades and Downgrades

WY has been the subject of several recent analyst reports. DA Davidson dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Citigroup increased their price objective on shares of Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.50.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.