Vanguard Group Inc. Sells 153,713 Shares of Weyerhaeuser Company $WY

Vanguard Group Inc. lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,165,015 shares of the real estate investment trust’s stock after selling 153,713 shares during the period. Vanguard Group Inc. owned 15.84% of Weyerhaeuser worth $2,830,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WY. Norges Bank bought a new stake in shares of Weyerhaeuser in the second quarter valued at about $600,502,000. Bank of New York Mellon Corp raised its stake in Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after purchasing an additional 6,284,982 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Weyerhaeuser by 1,493.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock valued at $39,612,000 after purchasing an additional 1,445,123 shares during the period. JPMorgan Chase & Co. boosted its holdings in Weyerhaeuser by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 1,374,109 shares during the period. Finally, Cambiar Investors LLC acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth approximately $32,721,000. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WY. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. New Street Research set a $28.00 target price on Weyerhaeuser in a report on Friday, December 12th. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Finally, Truist Financial upped their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Stock Down 2.2%

Shares of NYSE WY opened at $26.29 on Thursday. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 59.74 and a beta of 1.03. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The stock has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $24.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. As a group, analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.