NBT Bank N A NY Sells 9,097 Shares of Weyerhaeuser Company (NYSE:WY)

NBT Bank N A NY lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 70.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,861 shares of the real estate investment trust’s stock after selling 9,097 shares during the period. NBT Bank N A NY’s holdings in Weyerhaeuser were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser in the 4th quarter worth about $27,000. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 807 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser in the 4th quarter worth about $44,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. Truist Financial cut their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective for the company. The Goldman Sachs Group downgraded Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. Finally, CIBC cut their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

Weyerhaeuser Stock Performance

NYSE:WY opened at $25.96 on Thursday. The stock has a 50-day simple moving average of $26.02 and a two-hundred day simple moving average of $28.22. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. The firm has a market capitalization of $18.82 billion, a PE ratio of 51.91, a P/E/G ratio of 33.56 and a beta of 1.16.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.24%. Weyerhaeuser’s payout ratio is currently 168.00%.

Weyerhaeuser declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

About Weyerhaeuser

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.