Weyerhaeuser Company $WY Position Lessened by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in Weyerhaeuser Company (NYSE:WY) by 30.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,693,020 shares of the real estate investment trust’s stock after selling 1,625,797 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Weyerhaeuser were worth $87,488,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WY. FNY Investment Advisers LLC bought a new stake in Weyerhaeuser in the fourth quarter valued at $39,000. Addison Advisors LLC lifted its position in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 757 shares during the last quarter. Optiver Holding B.V. bought a new stake in Weyerhaeuser in the 3rd quarter valued at about $42,000. Costello Asset Management INC lifted its position in Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in Weyerhaeuser in the 4th quarter valued at about $43,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 1.0%

Shares of Weyerhaeuser stock opened at $24.71 on Friday. The business’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $24.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market capitalization of $17.82 billion, a P/E ratio of 45.76, a PEG ratio of 1.39 and a beta of 0.89. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is presently 155.56%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.88.

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.