DekaBank Deutsche Girozentrale Boosts Stock Holdings in Weyerhaeuser Company $WY

DekaBank Deutsche Girozentrale lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 520,308 shares of the real estate investment trust’s stock after acquiring an additional 23,054 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Weyerhaeuser were worth $13,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WY. DAVENPORT & Co LLC grew its stake 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 worth $584,000 after purchasing an additional 1,480 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $2,171,000 after purchasing an additional 1,524 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Weyerhaeuser during the second quarter worth $1,370,000. J.W. Cole Advisors Inc. grew its stake in shares of Weyerhaeuser by 85.7% during 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 in the last quarter. Finally, HB Wealth Management LLC grew its stake in shares of Weyerhaeuser by 3.3% during 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 in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $23.81 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1 year low of $23.23 and a 1 year high of $32.70. The company has a market capitalization of $17.18 billion, a PE ratio of 62.66, a P/E/G ratio of 248.35 and a beta of 1.05. The company has a fifty day moving average of $24.93 and a two-hundred day moving average of $25.60.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Analysts Set New Price Targets

WY has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. CIBC lowered their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.63.

Weyerhaeuser Company 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.