Weyerhaeuser Company $WY Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,518 shares of the real estate investment trust’s stock after selling 2,585 shares during the period. CENTRAL TRUST Co’s holdings in Weyerhaeuser were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised 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 buying an additional 339,884 shares during the period. Wellington Management Group LLP grew its position in 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 acquiring an additional 193,854 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Weyerhaeuser by 86.5% during the second quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after purchasing an additional 6,284,982 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock worth $349,368,000 after purchasing an additional 440,163 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Weyerhaeuser by 12.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,177,653 shares of the real estate investment trust’s stock worth $267,062,000 after purchasing an additional 1,112,088 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WY shares. DA Davidson cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. CIBC cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Citigroup reduced their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings downgraded Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.75.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $22.44 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $24.07 and a 200-day simple moving average of $25.34. The stock has a market cap of $16.18 billion, a P/E ratio of 59.06, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. Weyerhaeuser Company has a 12-month low of $22.28 and a 12-month high of $32.70.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. Equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is 186.67%.

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.