Chevy Chase Trust Holdings LLC Acquires 2,553 Shares of Weyerhaeuser Company $WY

Chevy Chase Trust Holdings LLC boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,177 shares of the real estate investment trust’s stock after acquiring an additional 2,553 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Weyerhaeuser worth $9,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. DAVENPORT & Co LLC grew its stake in 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 buying an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in 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 buying an additional 1,524 shares during the last quarter. OFI Invest Asset Management bought a new stake in Weyerhaeuser during the second quarter worth about $1,370,000. J.W. Cole Advisors Inc. grew its stake in 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 buying an additional 17,132 shares during the last quarter. Finally, HB Wealth Management LLC grew its stake in 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 buying an additional 663 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business’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 completion of the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WY has been the topic of several research analyst reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Finally, Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. One research 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 given a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $32.63.

Weyerhaeuser Price Performance

WY opened at $23.60 on Monday. Weyerhaeuser Company has a one year low of $23.43 and a one year high of $33.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company’s 50 day simple moving average is $25.12 and its 200-day simple moving average is $25.66. The stock has a market capitalization of $17.02 billion, a P/E ratio of 62.09, a price-to-earnings-growth ratio of 248.14 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 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 business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. Weyerhaeuser’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is currently 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.