PGGM Investments Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

PGGM Investments boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,337 shares of the real estate investment trust’s stock after buying an additional 10,722 shares during the quarter. PGGM Investments’ holdings in Weyerhaeuser were worth $3,459,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of Weyerhaeuser by 0.8% in the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after purchasing an additional 348 shares during the period. SVB Wealth LLC boosted its stake in shares of Weyerhaeuser by 3.2% in the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 351 shares during the period. WASHINGTON TRUST Co boosted its stake in shares of Weyerhaeuser by 23.4% in the first quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 383 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of Weyerhaeuser by 6.6% in the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 406 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Weyerhaeuser by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.6 %

WY stock traded down $0.18 during midday trading on Friday, reaching $31.74. 4,942,172 shares of the company were exchanged, compared to its average volume of 3,977,255. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock’s 50-day simple moving average is $29.35 and its 200 day simple moving average is $31.77. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 28.85 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 0.67 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser’s payout ratio is currently 72.73%.

Analyst Ratings Changes

Several research firms have recently commented on WY. Royal Bank of Canada raised their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.83.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

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.