Vontobel Holding Ltd. Has $1.62 Million Stock Position in Weyerhaeuser (NYSE:WY)

Vontobel Holding Ltd. cut its stake in shares of Weyerhaeuser (NYSE:WY) by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,701 shares of the real estate investment trust’s stock after selling 34,096 shares during the period. Vontobel Holding Ltd.’s holdings in Weyerhaeuser were worth $1,624,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in Weyerhaeuser by 15.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 875 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after buying an additional 8,031 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Weyerhaeuser by 18.3% in the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock valued at $13,057,000 after acquiring an additional 65,808 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Weyerhaeuser during the fourth quarter worth about $36,237,000. Finally, Public Employees Retirement System of Ohio raised its stake in Weyerhaeuser by 21.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after purchasing an additional 96,900 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WY shares. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Truist Financial reissued a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.47 on Friday. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $34.11 and a 200 day simple moving average of $32.66. The company has a market cap of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. On average, sell-side analysts forecast that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser’s dividend payout ratio is 69.57%.

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.