Bank of New York Mellon Corp Has $432.85 Million Stock Holdings in Weyerhaeuser Company $WY

Bank of New York Mellon Corp grew its stake in shares of Weyerhaeuser Company (NYSE:WYFree Report) by 16.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,717,871 shares of the real estate investment trust’s stock after acquiring an additional 2,555,687 shares during the quarter. Bank of New York Mellon Corp’s holdings in Weyerhaeuser were worth $432,848,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WY. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth $39,000. Addison Advisors LLC lifted its position in Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the period. Bayban bought a new stake in Weyerhaeuser during the fourth quarter worth about $41,000. Costello Asset Management INC grew its stake in Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in Weyerhaeuser in the 4th quarter valued at about $43,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup decreased their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Finally, Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Check Out Our Latest Report on Weyerhaeuser

Weyerhaeuser Trading Up 2.2%

Shares of NYSE WY opened at $24.44 on Friday. The firm has a 50 day moving average price of $23.98 and a two-hundred day moving average price of $24.62. The stock has a market cap of $17.62 billion, a P/E ratio of 45.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.89. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is presently 155.56%.

About Weyerhaeuser

(Free Report)

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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