ING Groep NV Trims Stock Holdings in Weyerhaeuser (NYSE:WY)

ING Groep NV lowered its holdings in Weyerhaeuser (NYSE:WY) by 24.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,772 shares of the real estate investment trust’s stock after selling 61,026 shares during the period. ING Groep NV’s holdings in Weyerhaeuser were worth $6,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedmont Private Capital raised its stake in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 350 shares during the period. Institute for Wealth Management LLC. grew its position in shares of Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 366 shares during the last quarter. CWM LLC increased its position in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 368 shares during the period. Trust Co. of Toledo NA OH raised its position in shares of Weyerhaeuser by 0.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after buying an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Weyerhaeuser by 6.6% in the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.2 %

Shares of NYSE WY opened at $30.93 on Friday. The firm has a 50 day moving average price of $32.30 and a 200 day moving average price of $30.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The stock has a market cap of $22.47 billion, a P/E ratio of 41.80 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Truist Financial upped their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser 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.