Strs Ohio Decreases Position in Weyerhaeuser Company $WY

Strs Ohio lessened its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 49.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,323 shares of the real estate investment trust’s stock after selling 96,112 shares during the period. Strs Ohio’s holdings in Weyerhaeuser were worth $2,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WY. Nuveen LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at $107,330,000. Millennium Management LLC increased its holdings in shares of Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after acquiring an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after acquiring an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP acquired a new position in shares of Weyerhaeuser during the first quarter valued at about $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Weyerhaeuser during the first quarter valued at about $53,061,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $22.49 on Tuesday. The business’s 50-day moving average is $24.55 and its two-hundred day moving average is $25.48. The company has a market capitalization of $16.23 billion, a P/E ratio of 59.18, a P/E/G ratio of 244.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a fifty-two week low of $22.43 and a fifty-two week high of $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is currently 186.67%.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction on Monday, August 11th. The shares were acquired at an average price 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 approximately $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. DA Davidson cut 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 Monday. Royal Bank Of Canada cut their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Citigroup cut their price objective on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $31.00.

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.