Barings LLC Lowers Stock Holdings in Weyerhaeuser Company $WY

Barings LLC cut its holdings in Weyerhaeuser Company (NYSE:WY) by 25.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 107,546 shares of the real estate investment trust’s stock after selling 36,907 shares during the period. Barings LLC’s holdings in Weyerhaeuser were worth $2,763,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Weyerhaeuser by 0.5% in the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock valued at $2,936,848,000 after purchasing an additional 542,912 shares during the last quarter. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock valued at $1,047,234,000 after buying an additional 193,854 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Weyerhaeuser by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock worth $509,460,000 after acquiring an additional 340,948 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Weyerhaeuser by 86.5% in the second quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after acquiring an additional 6,284,982 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Weyerhaeuser by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 1,374,109 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WY shares. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. DA Davidson cut their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Wednesday. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.78.

Weyerhaeuser Price Performance

WY opened at $21.79 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $32.70. The company has a 50-day moving average of $23.60 and a 200-day moving average of $25.16. The company has a market capitalization of $15.71 billion, a P/E ratio of 57.34, a PEG ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned $0.05 earnings per share. Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s dividend payout ratio is currently 186.67%.

Weyerhaeuser Company 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.