Charles Schwab Investment Management Inc. Raises Stock Holdings in Weyerhaeuser Company $WY

Charles Schwab Investment Management Inc. lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 3.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,446,053 shares of the real estate investment trust’s stock after purchasing an additional 308,043 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.31% of Weyerhaeuser worth $242,669,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after buying an additional 542,912 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 0.5% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Weyerhaeuser by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock valued at $509,460,000 after acquiring an additional 340,948 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its position in 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 in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Wednesday, November 19th. Bank of America restated a “neutral” rating and set a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. CIBC reduced their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Finally, Wall Street Zen lowered shares of 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, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.78.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $22.14 on Wednesday. The stock’s fifty day moving average is $23.48 and its two-hundred day moving average is $25.09. The company has a market capitalization of $15.96 billion, a PE ratio of 58.25, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $32.70.

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

Weyerhaeuser Dividend Announcement

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