Pinnacle Financial Partners Inc Buys 1,190 Shares of Weyerhaeuser (NYSE:WY)

Pinnacle Financial Partners Inc grew its stake in Weyerhaeuser (NYSE:WY) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,311 shares of the real estate investment trust’s stock after acquiring an additional 1,190 shares during the quarter. Pinnacle Financial Partners Inc owned about 0.05% of Weyerhaeuser worth $13,182,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser during the second quarter worth $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the last quarter. Finally, Park Place Capital Corp raised its holdings in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

WY has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. DA Davidson lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Truist Financial boosted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Price Performance

Shares of WY stock opened at $30.68 on Wednesday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm’s 50 day moving average is $32.27 and its 200-day moving average is $30.78. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 41.46 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

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.