Itau Unibanco Holding S.A. Acquires New Holdings in Weyerhaeuser (NYSE:WY)

Itau Unibanco Holding S.A. purchased a new stake in Weyerhaeuser (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 968 shares of the real estate investment trust’s stock, valued at approximately $27,000.

Other large investors have also recently made changes to their positions in the company. American National Bank raised its position in Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser in the 1st quarter valued at $33,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth about $26,000. Register Financial Advisors LLC purchased a new position in Weyerhaeuser during the 1st quarter valued at about $36,000. Finally, Northwest Bank & Trust Co acquired a new position in Weyerhaeuser in the 4th quarter valued at about $38,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.0 %

WY opened at $33.24 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a market cap of $24.23 billion, a P/E ratio of 30.22 and a beta of 1.40. The business’s 50-day simple moving average is $30.91 and its 200-day simple moving average is $31.17.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts expect that Weyerhaeuser will post 0.52 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup dropped their price target 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. Truist Financial decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $35.83.

Insider Activity

In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

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.