Deprince Race & Zollo Inc. Has $27.21 Million Stock Position in Weyerhaeuser Company $WY

Deprince Race & Zollo Inc. raised its stake in Weyerhaeuser Company (NYSE:WY) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,097,609 shares of the real estate investment trust’s stock after buying an additional 56,901 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.15% of Weyerhaeuser worth $27,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $600,502,000. Bank of New York Mellon Corp raised its holdings in shares of Weyerhaeuser by 86.5% during the 2nd 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 buying an additional 6,284,982 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after purchasing an additional 3,027,823 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Weyerhaeuser during the first quarter worth about $53,061,000. Finally, Engineers Gate Manager LP lifted its stake in shares of Weyerhaeuser by 1,493.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock valued at $39,612,000 after purchasing an additional 1,445,123 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 0.1%

NYSE:WY opened at $23.74 on Friday. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $31.66. The company’s 50 day moving average price is $22.77 and its 200-day moving average price is $24.57. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 52.75, a PEG ratio of 124.32 and a beta of 1.08.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. Weyerhaeuser’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent research reports. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Finally, New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $27.88.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.