California Public Employees Retirement System Boosts Stake in Weyerhaeuser Company $WY

California Public Employees Retirement System increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,324,695 shares of the real estate investment trust’s stock after acquiring an additional 69,391 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Weyerhaeuser worth $34,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Weyerhaeuser by 4.2% during the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 409 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Weyerhaeuser by 1.5% during the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 445 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in Weyerhaeuser by 11.1% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 500 shares during the period. Horizon Investments LLC grew its position in Weyerhaeuser by 5.2% during the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 516 shares during the period. Finally, Cidel Asset Management Inc. increased its holdings in Weyerhaeuser by 6.8% in the second quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday. Truist Financial cut 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, DA Davidson lowered their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $28.75.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $23.03 on Thursday. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 51.17, a PEG ratio of 129.27 and a beta of 1.08. The stock has a fifty day moving average of $22.95 and a two-hundred day moving average of $24.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

About Weyerhaeuser

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.