Citigroup Inc. Grows Position in Weyerhaeuser Company $WY

Citigroup Inc. lifted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 68.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,647,285 shares of the real estate investment trust’s stock after purchasing an additional 669,451 shares during the quarter. Citigroup Inc.’s holdings in Weyerhaeuser were worth $40,836,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WY. Tredje AP fonden raised its stake in Weyerhaeuser by 28.2% in the third quarter. Tredje AP fonden now owns 89,673 shares of the real estate investment trust’s stock valued at $2,223,000 after purchasing an additional 19,703 shares in the last quarter. Stevens Capital Management LP raised its position in shares of Weyerhaeuser by 67.8% during the 3rd quarter. Stevens Capital Management LP now owns 15,841 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 6,399 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Weyerhaeuser by 46.9% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,445 shares of the real estate investment trust’s stock valued at $457,000 after buying an additional 5,885 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth $970,000. Finally, King Luther Capital Management Corp grew its position in Weyerhaeuser by 49.9% in the third quarter. King Luther Capital Management Corp now owns 16,071 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 5,351 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

WY opened at $24.91 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $24.50. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 56.61 and a beta of 1.03. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Insider Activity

In related news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 28,500 shares of company stock worth $721,645 over the last ninety days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Company Profile

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.