Sarasin & Partners LLP Trims Holdings in Weyerhaeuser Company $WY

Sarasin & Partners LLP reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,819 shares of the real estate investment trust’s stock after selling 64,639 shares during the period. Sarasin & Partners LLP owned 0.06% of Weyerhaeuser worth $11,083,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Weyerhaeuser by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after buying an additional 1,374,109 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Weyerhaeuser in the second quarter worth $1,370,000. Norges Bank bought a new position in shares of Weyerhaeuser during the second quarter valued at $600,502,000. Prudential Financial Inc. raised its position in shares of Weyerhaeuser by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock worth $10,890,000 after purchasing an additional 29,098 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after purchasing an additional 542,912 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $23.49 on Friday. The firm has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $24.68. The firm has a market cap of $16.93 billion, a PE ratio of 52.19, a P/E/G ratio of 122.96 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

Analyst Ratings Changes

A number of analysts have weighed in on WY shares. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Citigroup lowered their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Truist Financial cut their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Bank of America reissued a “neutral” rating and issued a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Insider Activity

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The SEC filing for this purchase provides additional information. 0.27% of the stock is owned by corporate insiders.

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.