Hanson & Doremus Investment Management Cuts Stake in Weyerhaeuser Company $WY

Hanson & Doremus Investment Management trimmed its stake in Weyerhaeuser Company (NYSE:WY) by 31.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,502 shares of the real estate investment trust’s stock after selling 3,914 shares during the period. Hanson & Doremus Investment Management’s holdings in Weyerhaeuser were worth $218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Weyerhaeuser by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock valued at $3,331,356,000 after acquiring an additional 339,884 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock valued at $1,047,234,000 after buying an additional 193,854 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Weyerhaeuser by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock valued at $349,368,000 after buying an additional 440,163 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock valued at $267,561,000 after buying an additional 151,929 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Weyerhaeuser by 2.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust’s stock worth $264,171,000 after purchasing an additional 213,062 shares during the period. 82.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. The trade was a 22.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WY shares. Citigroup dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, June 3rd. DA Davidson decreased their price target on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Truist Financial reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser Trading Up 1.5%

WY stock opened at $24.53 on Monday. The business has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $26.19. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52 week low of $23.98 and a 52 week high of $34.03. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 64.55, a PEG ratio of 106.02 and a beta of 1.07.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. On average, equities research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

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.