Weyerhaeuser (NYSE:WY) Stock Holdings Lessened by Fmr LLC

Fmr LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 5.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,444,893 shares of the real estate investment trust’s stock after selling 85,532 shares during the period. Fmr LLC owned about 0.20% of Weyerhaeuser worth $48,924,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. M&G Plc boosted its position in shares of Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after purchasing an additional 273,291 shares during the period. Public Sector Pension Investment Board increased its position in shares of Weyerhaeuser by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after acquiring an additional 14,911 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Weyerhaeuser by 146.4% during the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock valued at $3,272,000 after acquiring an additional 57,412 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after acquiring an additional 454,095 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Weyerhaeuser by 4.2% in the 2nd quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust’s stock worth $21,309,000 after purchasing an additional 29,927 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Up 1.1 %

WY opened at $31.29 on Friday. The company has a market capitalization of $22.73 billion, a PE ratio of 42.28 and a beta of 1.40. The business has a 50-day moving average of $31.98 and a 200-day moving average of $30.84. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Analysts Set New Price Targets

WY has been the topic of several recent analyst reports. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.33.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.