Vanguard Personalized Indexing Management LLC Decreases Position in Weyerhaeuser Company $WY

Vanguard Personalized Indexing Management LLC cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.8% during the second quarter, HoldingsChannel reports. The firm owned 49,394 shares of the real estate investment trust’s stock after selling 1,419 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Weyerhaeuser were worth $1,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its position in Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock valued at $2,171,000 after purchasing an additional 1,524 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after buying an additional 17,132 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Weyerhaeuser by 3.3% during the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after buying an additional 663 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Weyerhaeuser by 3,048.9% during the second quarter. Grove Bank & Trust now owns 20,342 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 19,696 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 0.2%

Shares of NYSE:WY opened at $23.60 on Friday. Weyerhaeuser Company has a 52-week low of $23.43 and a 52-week high of $33.11. The stock has a market cap of $17.02 billion, a P/E ratio of 62.09, a price-to-earnings-growth ratio of 248.14 and a beta of 1.05. The business’s 50 day moving average is $25.12 and its 200 day moving average is $25.67. 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 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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Weyerhaeuser’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WY. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, CIBC cut their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $32.63.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

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.