Saudi Central Bank Has $1.21 Million Position in Weyerhaeuser Company $WY

Saudi Central Bank lifted its holdings in Weyerhaeuser Company (NYSE:WYFree Report) by 89.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,473 shares of the real estate investment trust’s stock after acquiring an additional 23,865 shares during the period. Saudi Central Bank’s holdings in Weyerhaeuser were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Essential Partners LLC grew its stake in Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,208 shares during the period. Nvwm LLC lifted its stake in Weyerhaeuser by 174.7% in the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 800 shares during the period. Versant Capital Management Inc lifted its stake in Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 617 shares during the period. Compass Financial Management LLC bought a new position in shares of Weyerhaeuser during the 2nd quarter worth approximately $35,000. Finally, Addison Advisors LLC boosted its holdings in shares of Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.4%

NYSE WY opened at $22.71 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The business has a 50 day moving average price of $24.05 and a 200-day moving average price of $24.18. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 2.23 and a beta of 0.87.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the business earned $0.12 EPS. Weyerhaeuser’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is 129.23%.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. Truist Financial restated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Citigroup decreased their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $28.67.

View Our Latest Research Report on WY

Weyerhaeuser Profile

(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.

See Also

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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