279,203 Shares in Weyerhaeuser Company $WY Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Weyerhaeuser Company (NYSE:WY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 279,203 shares of the real estate investment trust’s stock, valued at approximately $6,614,000.

A number of other large investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after purchasing an additional 2,343,724 shares during the period. First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after purchasing an additional 23,485,504 shares during the period. State Street Corp raised its holdings in Weyerhaeuser by 1.9% in the 3rd quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock worth $804,897,000 after purchasing an additional 602,901 shares during the period. Bank of New York Mellon Corp raised its holdings in Weyerhaeuser by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock worth $370,623,000 after purchasing an additional 1,400,050 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Weyerhaeuser by 12.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,717,085 shares of the real estate investment trust’s stock worth $278,867,000 after purchasing an additional 1,254,057 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of several research reports. DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Truist Financial cut their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Citigroup cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.88.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt acquired 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O’rourke acquired 4,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.31% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $22.89 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The business has a 50 day simple moving average of $24.02 and a 200-day simple moving average of $24.17. The firm has a market capitalization of $16.50 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

About Weyerhaeuser

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.