DekaBank Deutsche Girozentrale Decreases Position in Weyerhaeuser (NYSE:WY)

DekaBank Deutsche Girozentrale lowered its position in Weyerhaeuser (NYSE:WY) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,821 shares of the real estate investment trust’s stock after selling 8,433 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Weyerhaeuser worth $13,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock valued at $32,207,000 after buying an additional 31,355 shares in the last quarter. Slagle Financial LLC lifted its position in shares of Weyerhaeuser by 101.7% in the fourth quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock valued at $3,973,000 after acquiring an additional 57,608 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Weyerhaeuser by 1,548.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock valued at $2,776,000 after acquiring an additional 75,007 shares during the last quarter. M&G Plc increased its position in Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after purchasing an additional 273,291 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Weyerhaeuser by 243.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after purchasing an additional 242,744 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Truist Financial decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.83.

Weyerhaeuser Stock Up 3.3 %

Shares of NYSE WY opened at $32.45 on Monday. The stock has a market capitalization of $23.60 billion, a PE ratio of 29.50 and a beta of 1.40. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $30.42 and a 200-day moving average of $31.23. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. On average, analysts anticipate that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.47%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Company 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.