Weyerhaeuser Company (NYSE:WY) Holdings Trimmed by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 216,355 shares of the real estate investment trust’s stock after selling 2,900 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Weyerhaeuser were worth $6,335,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WY. Nuveen LLC bought a new position in Weyerhaeuser during the first quarter valued at about $107,330,000. Bank of New York Mellon Corp boosted its stake in 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 buying an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP purchased a new stake in shares of Weyerhaeuser during the first quarter valued at $55,429,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Weyerhaeuser by 23,525.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,428,378 shares of the real estate investment trust’s stock valued at $41,823,000 after purchasing an additional 1,422,332 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Weyerhaeuser by 43.6% during the fourth quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust’s stock valued at $118,140,000 after purchasing an additional 1,273,217 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 0.4%

Shares of Weyerhaeuser stock opened at $26.31 on Friday. The stock has a 50-day moving average price of $26.07 and a 200 day moving average price of $27.26. The company has a market cap of $18.99 billion, a P/E ratio of 69.25, a P/E/G ratio of 76.52 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. As a group, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has authorized a share buyback program 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 repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WY. The Goldman Sachs Group downgraded Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. Citigroup reduced their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, CIBC reduced their target price on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

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.