Weyerhaeuser Company $WY Stake Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,333,051 shares of the real estate investment trust’s stock after selling 84,455 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Weyerhaeuser were worth $31,913,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 428 shares during the period. Summit Financial LLC lifted its holdings in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 428 shares during the last quarter. BOKF NA lifted its holdings in shares of Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares during the period. Finally, Kiley Juergens Wealth Management LLC boosted its position in Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $24.81 on Friday. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The company has a market cap of $17.88 billion, a PE ratio of 38.16, a P/E/G ratio of 1.33 and a beta of 0.89. The stock has a 50 day simple moving average of $24.35 and a 200-day simple moving average of $24.53. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio is presently 129.23%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Company 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.