Weyerhaeuser Company $WY Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,244 shares of the real estate investment trust’s stock after buying an additional 2,775 shares during the period. Raiffeisen Bank International AG’s holdings in Weyerhaeuser were worth $4,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Weyerhaeuser by 9.6% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 589,481 shares of the real estate investment trust’s stock valued at $15,144,000 after acquiring an additional 51,503 shares during the period. Fiduciary Counselling Inc. lifted its position in shares of Weyerhaeuser by 0.4% during the second quarter. Fiduciary Counselling Inc. now owns 256,533 shares of the real estate investment trust’s stock worth $6,590,000 after purchasing an additional 1,109 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Weyerhaeuser by 22.5% in the second quarter. Rockefeller Capital Management L.P. now owns 124,335 shares of the real estate investment trust’s stock valued at $3,194,000 after purchasing an additional 22,823 shares during the period. Cetera Investment Advisers boosted its stake in shares of Weyerhaeuser by 24.5% in the second quarter. Cetera Investment Advisers now owns 85,961 shares of the real estate investment trust’s stock valued at $2,208,000 after purchasing an additional 16,932 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Weyerhaeuser by 7.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 177,877 shares of the real estate investment trust’s stock valued at $4,570,000 after purchasing an additional 11,947 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $21.51 on Tuesday. Weyerhaeuser Company has a 12 month low of $21.49 and a 12 month high of $32.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The firm has a market capitalization of $15.51 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The business’s fifty day moving average price is $23.90 and its 200 day moving average price is $25.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s dividend payout ratio is 186.67%.

Analyst Ratings Changes

Several brokerages have commented on WY. Bank of America reissued a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday. Royal Bank Of Canada reduced their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Truist Financial decreased their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. DA Davidson cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.78.

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.