Weyerhaeuser Company $WY Position Trimmed by Northern Trust Corp

Northern Trust Corp trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,381,103 shares of the real estate investment trust’s stock after selling 157,022 shares during the period. Northern Trust Corp’s holdings in Weyerhaeuser were worth $274,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Weyerhaeuser by 4.4% in the fourth quarter. NewEdge Advisors LLC now owns 17,377 shares of the real estate investment trust’s stock worth $489,000 after acquiring an additional 726 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Weyerhaeuser by 1.7% during the 4th quarter. MetLife Investment Management LLC now owns 192,348 shares of the real estate investment trust’s stock worth $5,415,000 after purchasing an additional 3,202 shares during the period. MML Investors Services LLC lifted its holdings in shares of Weyerhaeuser by 10.0% in the 4th quarter. MML Investors Services LLC now owns 84,590 shares of the real estate investment trust’s stock worth $2,381,000 after purchasing an additional 7,693 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 807 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Weyerhaeuser by 12.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 13,880 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 1,490 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WY. Truist Financial cut their target price on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. Citigroup dropped their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, June 3rd. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $32.88.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $25.9950 on Thursday. The stock has a market cap of $18.76 billion, a P/E ratio of 68.41, a P/E/G ratio of 80.63 and a beta of 1.08. The firm’s 50-day simple moving average is $25.97 and its 200 day simple moving average is $27.12. Weyerhaeuser Company has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company earned $0.21 EPS. Weyerhaeuser’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Weyerhaeuser’s dividend payout ratio is 221.05%.

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

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.