Public Employees Retirement System of Ohio Reduces Holdings in Weyerhaeuser Company $WY

Public Employees Retirement System of Ohio lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234,205 shares of the real estate investment trust’s stock after selling 5,875 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Weyerhaeuser were worth $6,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WY. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser during the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at $31,000. Costello Asset Management INC bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $32,000. Marshall Investment Management LLC purchased a new stake in shares of Weyerhaeuser in the 1st quarter worth about $36,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Weyerhaeuser in the 1st quarter worth about $40,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $24.53 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market cap of $17.70 billion, a price-to-earnings ratio of 64.55, a price-to-earnings-growth ratio of 106.02 and a beta of 1.07. The business has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $26.19. Weyerhaeuser Company has a fifty-two week low of $23.98 and a fifty-two week high of $34.03.

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

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s payout ratio is 221.05%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WY. Citigroup lowered their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, June 3rd. DA Davidson lowered their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Truist Financial cut their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.88.

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.