Associated Banc Corp Sells 10,584 Shares of Weyerhaeuser Company $WY

Associated Banc Corp cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,371 shares of the real estate investment trust’s stock after selling 10,584 shares during the quarter. Associated Banc Corp’s holdings in Weyerhaeuser were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in Weyerhaeuser during the 2nd quarter worth $1,370,000. Vanguard Group Inc. raised its position 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. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 3.3% during the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 663 shares in the last quarter. M&G PLC boosted its stake in shares of Weyerhaeuser by 13.4% during the second quarter. M&G PLC now owns 2,298,189 shares of the real estate investment trust’s stock valued at $59,753,000 after purchasing an additional 271,481 shares in the last quarter. Finally, Cambiar Investors LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth about $32,721,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $22.14 on Wednesday. The business has a 50-day moving average price of $23.48 and a two-hundred day moving average price of $25.09. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $32.70. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market cap of $15.96 billion, a P/E ratio of 58.25, a PEG ratio of 244.04 and a beta of 1.04.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $0.21 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. Weyerhaeuser’s payout ratio is currently 186.67%.

Analysts Set New Price Targets

WY has been the subject of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Citigroup decreased their price target on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. DA Davidson dropped their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Finally, CIBC decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. One equities 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 stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $29.78.

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.