State Street Corp Has $818.63 Million Position in Weyerhaeuser Company $WY

State Street Corp lifted its position in Weyerhaeuser Company (NYSE:WY) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,865,696 shares of the real estate investment trust’s stock after buying an additional 271,832 shares during the quarter. State Street Corp owned about 4.42% of Weyerhaeuser worth $818,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 409 shares during the period. Assenagon Asset Management S.A. raised its stake in Weyerhaeuser by 1.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 445 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Weyerhaeuser by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 500 shares during the period. Horizon Investments LLC grew its position in Weyerhaeuser by 5.2% in the 1st quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 516 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in shares of Weyerhaeuser by 6.8% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $23.20 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $22.91 and a 200-day moving average price of $24.78. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 51.56, a price-to-earnings-growth ratio of 134.58 and a beta of 1.08. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned $0.05 EPS. Weyerhaeuser’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

Wall Street Analysts Forecast Growth

WY has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday. Truist Financial cut their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada dropped their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Bank of America restated a “neutral” rating and set a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.75.

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.