Vanguard Group Inc. Has $2.83 Billion Stake in Weyerhaeuser Company $WY

Vanguard Group Inc. cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 0.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 114,165,015 shares of the real estate investment trust’s stock after selling 153,713 shares during the quarter. Vanguard Group Inc. owned about 0.16% of Weyerhaeuser worth $2,830,151,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WY. State Street Corp raised its position in shares of Weyerhaeuser by 0.9% during the second quarter. State Street Corp now owns 31,865,696 shares of the real estate investment trust’s stock worth $818,630,000 after acquiring an additional 271,832 shares during the last quarter. Norges Bank acquired a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $600,502,000. Geode Capital Management LLC raised its holdings in Weyerhaeuser by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock worth $509,460,000 after purchasing an additional 340,948 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Weyerhaeuser by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock worth $370,623,000 after purchasing an additional 1,400,050 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Weyerhaeuser by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after purchasing an additional 1,374,109 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research report on Friday, December 12th. Royal Bank Of Canada lowered 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. Finally, Truist Financial raised their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Stock Performance

NYSE WY opened at $26.29 on Thursday. The company has a market cap of $18.94 billion, a P/E ratio of 59.74 and a beta of 1.03. The company has a fifty day simple moving average of $25.34 and a 200 day simple moving average of $24.52. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Weyerhaeuser’s dividend payout ratio is 190.91%.

Weyerhaeuser 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.