Nisa Investment Advisors LLC Lowers Stock Holdings in Weyerhaeuser Company $WY

by · The Markets Daily

Nisa Investment Advisors LLC decreased its position in shares of Weyerhaeuser Company (NYSE:WY – Free Report) by 20.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,460 shares of the real estate investment trust’s stock after selling 59,142 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Weyerhaeuser were worth $5,921,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its position in shares of Weyerhaeuser by 82.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 112,592 shares of the real estate investment trust’s stock valued at $2,892,000 after acquiring an additional 50,752 shares in the last quarter. Brighton Jones LLC lifted its holdings in Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 409 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Weyerhaeuser by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 500 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Weyerhaeuser in the 2nd quarter worth approximately $60,000. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Weyerhaeuser by 2.9% in the second quarter. Asset Management One Co. Ltd. now owns 324,353 shares of the real estate investment trust’s stock worth $8,333,000 after buying an additional 9,018 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a report on Monday, September 29th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $32.25.

View Our Latest Research Report on Weyerhaeuser

Weyerhaeuser Trading Down 1.2%

Shares of WY stock opened at $23.74 on Wednesday. Weyerhaeuser Company has a 1 year low of $23.23 and a 1 year high of $32.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $24.81 and its two-hundred day simple moving average is $25.56. The company has a market cap of $17.13 billion, a PE ratio of 62.46, a price-to-earnings-growth ratio of 252.66 and a beta of 1.05.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Weyerhaeuser Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY – Free Report).