Wilmington Savings Fund Society FSB Takes Position in Weyerhaeuser (NYSE:WY)

Wilmington Savings Fund Society FSB bought a new stake in Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 31,589 shares of the real estate investment trust’s stock, valued at approximately $1,070,000.

Several other large investors also recently made changes to their positions in WY. Duff & Phelps Investment Management Co. raised its holdings in Weyerhaeuser by 9.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock worth $10,383,000 after buying an additional 25,554 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after acquiring an additional 14,911 shares during the last quarter. Quest Partners LLC lifted its position in Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock valued at $3,272,000 after acquiring an additional 57,412 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after purchasing an additional 454,095 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Weyerhaeuser by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust’s stock worth $21,309,000 after purchasing an additional 29,927 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on WY. Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Trading Down 1.1 %

NYSE WY opened at $30.06 on Friday. The business’s fifty day moving average is $31.72 and its 200-day moving average is $30.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 40.62 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

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.