Wilmington Savings Fund Society FSB Reduces Position in Weyerhaeuser Company $WY

Wilmington Savings Fund Society FSB cut its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,525 shares of the real estate investment trust’s stock after selling 1,036 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Weyerhaeuser were worth $630,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC boosted its position in shares of Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock valued at $2,171,000 after buying an additional 1,524 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $1,370,000. J.W. Cole Advisors Inc. boosted its position in Weyerhaeuser by 85.7% in the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after purchasing an additional 17,132 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in Weyerhaeuser by 3.3% in the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 663 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on WY. Truist Financial dropped their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have 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 target price of $32.63.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser 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 bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 0.2%

WY stock opened at $23.60 on Friday. Weyerhaeuser Company has a twelve month low of $23.43 and a twelve month high of $33.11. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The stock has a market cap of $17.02 billion, a P/E ratio of 62.09, a PEG ratio of 248.77 and a beta of 1.05. The business’s 50-day moving average price is $25.12 and its 200-day moving average price is $25.70.

Weyerhaeuser (NYSE:WY) last posted 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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

About Weyerhaeuser

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.