Dakota Wealth Management Buys Shares of 15,119 Weyerhaeuser (NYSE:WY)

Dakota Wealth Management acquired a new position in Weyerhaeuser (NYSE:WYGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,119 shares of the real estate investment trust’s stock, valued at approximately $573,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WY. BlackRock Inc. grew its stake in Weyerhaeuser by 0.5% in the fourth quarter. BlackRock Inc. now owns 57,396,782 shares of the real estate investment trust’s stock valued at $2,363,599,000 after purchasing an additional 269,617 shares in the last quarter. State Street Corp lifted its position in shares of Weyerhaeuser by 5.2% during the 4th quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock worth $1,295,777,000 after purchasing an additional 1,546,975 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Weyerhaeuser by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 19,489,403 shares of the real estate investment trust’s stock valued at $802,574,000 after acquiring an additional 1,393,739 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Weyerhaeuser by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 16,321,125 shares of the real estate investment trust’s stock valued at $670,801,000 after purchasing an additional 372,177 shares during the period. Finally, Norges Bank bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $580,040,000. Institutional investors own 81.09% of the company’s stock.

Weyerhaeuser Stock Up 0.1 %

NYSE:WY opened at $33.93 on Friday. The stock’s fifty day moving average price is $35.22 and its two-hundred day moving average price is $37.26. Weyerhaeuser has a 52-week low of $32.50 and a 52-week high of $43.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.59 and a current ratio of 3.20. The company has a market cap of $25.12 billion, a price-to-earnings ratio of 10.34 and a beta of 1.48.

Weyerhaeuser (NYSE:WYGet Rating) last posted its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.02). The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. On average, analysts anticipate that Weyerhaeuser will post 3.14 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 1st. Weyerhaeuser’s dividend payout ratio (DPR) is currently 21.95%.

Analysts Set New Price Targets

WY has been the topic of a number of research analyst reports. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. The Goldman Sachs Group decreased their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Argus lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Truist Financial initiated coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They set a “hold” rating and a $37.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

About Weyerhaeuser

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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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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