Fifth Third Bancorp Acquires 1,109 Shares of Weyerhaeuser (NYSE:WY)

Fifth Third Bancorp increased its holdings in shares of Weyerhaeuser (NYSE:WYFree Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,522 shares of the real estate investment trust’s stock after purchasing an additional 1,109 shares during the period. Fifth Third Bancorp’s holdings in Weyerhaeuser were worth $1,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ascent Group LLC grew its holdings in Weyerhaeuser by 3.8% during the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 348 shares during the period. MMA Asset Management LLC grew its holdings in Weyerhaeuser by 4.9% during the second quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 349 shares during the period. Home Federal Bank of Tennessee grew its holdings in Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock worth $1,126,000 after purchasing an additional 355 shares during the period. Foundations Investment Advisors LLC lifted its position in Weyerhaeuser by 3.6% during the third quarter. Foundations Investment Advisors LLC now owns 10,472 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 365 shares during the last quarter. Finally, Xponance Inc. lifted its position in Weyerhaeuser by 0.4% during the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Finally, CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.71.

View Our Latest Research Report on WY

Insider Buying and Selling at Weyerhaeuser

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 completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction 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 owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 1.4 %

NYSE WY opened at $34.94 on Thursday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The company has a 50 day moving average of $34.03 and a 200-day moving average of $32.48. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 30.38 and a beta of 1.43.

Weyerhaeuser (NYSE:WYGet Free Report) last released 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. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser will post 1.06 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s payout ratio is currently 69.57%.

Weyerhaeuser Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WYFree Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.