Sumitomo Mitsui DS Asset Management Company Ltd Sells 18,798 Shares of Weyerhaeuser Company $WY

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in Weyerhaeuser Company (NYSE:WY) by 18.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,292 shares of the real estate investment trust’s stock after selling 18,798 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Weyerhaeuser were worth $2,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Nuveen LLC bought a new stake in Weyerhaeuser in the first quarter valued at approximately $107,330,000. Millennium Management LLC lifted its position in Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after purchasing an additional 3,027,823 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Weyerhaeuser by 63.9% in the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after purchasing an additional 2,833,288 shares during the last quarter. Clean Energy Transition LLP bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $53,061,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.6%

Weyerhaeuser stock opened at $24.15 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a one year low of $23.98 and a one year high of $34.03. The stock has a market capitalization of $17.42 billion, a PE ratio of 63.55, a price-to-earnings-growth ratio of 84.50 and a beta of 1.07. The business’s fifty day moving average is $25.61 and its 200 day moving average is $26.37.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $0.21 earnings per share. Weyerhaeuser’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent analyst reports. DA Davidson decreased their target price on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Truist Financial decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. Finally, Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $32.88.

Weyerhaeuser Profile

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.