Atria Wealth Solutions Inc. has sold 1839 Shares of Weyerhaeuser (WY). Despite recent stock underperformance, Weyerhaeuser is still considered a key demand driver for timber due to housing. It has recently announced a 5.3% Dividend Increase and is expected to beat earnings estimates, driven by favorable factors set to impact its Q1. It recently declared a supplemental dividend, and has agreed to sell its Uruguay Business for $402.5M. However, Swiss National Bank has sold 73,000 WY shares as its stock performance proves inconsistent. Meanwhile, Weyerhaeuser enhanced its timberlands portfolio and has completed the sale of its initial carbon credit offering. The company beat Q1 earnings estimates, achieved adjusted EBITDA of $1.7 Billion, and saw a 13% gain in three months. Royal Bank of Canada lowered its WY price target to $37.00. Weyerhaeuser has also announced its partnership with Lapis Energy for carbon sequestration exploration. Its financial transparency increased with online materials and their commitment to innovative actions can be seen through initiatives such as the THRIVE program.
Weyerhaeuser Company WY News Analytics from Thu, 27 Jul 2023 20:30:43 GMT to Wed, 08 May 2024 08:52:35 GMT -
Rating 2
- Innovation -3
- Information 8
- Rumor -4
