Creative Planning Lowers Holdings in Weyerhaeuser Company $WY

Creative Planning lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 19.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 54,072 shares of the real estate investment trust’s stock after selling 13,349 shares during the period. Creative Planning’s holdings in Weyerhaeuser were worth $1,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Weyerhaeuser by 86.5% during 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 period. Nuveen LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $107,330,000. Millennium Management LLC lifted its stake in shares of Weyerhaeuser by 2,952.7% in the 1st 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 period. Clean Energy Transition LLP acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $55,429,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Weyerhaeuser during the first quarter worth $53,061,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WY. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. DA Davidson dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Citigroup decreased their target price on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.78.

Weyerhaeuser Trading Up 0.1%

WY opened at $22.27 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company’s 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $25.02. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $32.70. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 58.62, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

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

Weyerhaeuser Dividend Announcement

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