Artemis Investment Management LLP Reduces Position in Weyerhaeuser (NYSE:WY)

Artemis Investment Management LLP lessened its stake in shares of Weyerhaeuser (NYSE:WYFree Report) by 63.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 255,201 shares of the real estate investment trust’s stock after selling 445,049 shares during the period. Artemis Investment Management LLP’s holdings in Weyerhaeuser were worth $9,159,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Weyerhaeuser by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after acquiring an additional 888,621 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at $753,497,000. JPMorgan Chase & Co. boosted its holdings in shares of Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after acquiring an additional 58,688 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyerhaeuser by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after acquiring an additional 198,789 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada decreased their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.67.

Check Out Our Latest Analysis on WY

Weyerhaeuser Stock Performance

WY opened at $28.38 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The firm has a fifty day moving average price of $30.07 and a 200 day moving average price of $32.53. The stock has a market cap of $20.69 billion, a P/E ratio of 25.80 and a beta of 1.43. Weyerhaeuser has a 1 year low of $27.86 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WYGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Company 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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