Weyerhaeuser Co (WY) Shares Sold by Pendal Group Ltd

Pendal Group Ltd reduced its holdings in Weyerhaeuser Co (NYSE:WY) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,501 shares of the real estate investment trust’s stock after selling 28,353 shares during the quarter. Pendal Group Ltd’s holdings in Weyerhaeuser were worth $1,501,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Gulf International Bank UK Ltd grew its position in shares of Weyerhaeuser by 12.1% in the third quarter. Gulf International Bank UK Ltd now owns 265,301 shares of the real estate investment trust’s stock valued at $8,561,000 after purchasing an additional 28,600 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Weyerhaeuser by 5.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 124,823 shares of the real estate investment trust’s stock valued at $4,028,000 after purchasing an additional 6,100 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of Weyerhaeuser by 25.1% in the third quarter. WINTON GROUP Ltd now owns 28,460 shares of the real estate investment trust’s stock valued at $918,000 after purchasing an additional 5,719 shares during the last quarter. Grandfield & Dodd LLC grew its position in shares of Weyerhaeuser by 7.9% in the third quarter. Grandfield & Dodd LLC now owns 486,929 shares of the real estate investment trust’s stock valued at $15,713,000 after purchasing an additional 35,615 shares during the last quarter. Finally, Citizens Financial Group Inc RI grew its position in shares of Weyerhaeuser by 162.1% in the third quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,036 shares during the last quarter. 77.02% of the stock is currently owned by institutional investors.

WY has been the topic of several research analyst reports. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Friday, August 3rd. Raymond James decreased their target price on Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $37.50 to $35.00 in a research report on Monday, October 29th. Citigroup decreased their target price on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Vertical Research raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Weyerhaeuser currently has a consensus rating of “Buy” and an average target price of $35.20.

WY stock opened at $26.83 on Friday. Weyerhaeuser Co has a twelve month low of $25.75 and a twelve month high of $38.39. The stock has a market cap of $20.61 billion, a P/E ratio of 19.79, a PEG ratio of 4.53 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser Co will post 1.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.07%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 118.26%.

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Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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