Weyerhaeuser Company $WY Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Weyerhaeuser Company (NYSE:WY) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,693,020 shares of the real estate investment trust’s stock after selling 1,625,797 shares during the quarter. Daiwa Securities Group Inc. owned about 0.51% of Weyerhaeuser worth $87,488,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. NovaPoint Capital LLC grew its stake in shares of Weyerhaeuser by 2.7% in the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 385 shares in the last quarter. BOKF NA grew its stake in shares of Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 463 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 472 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Weyerhaeuser by 27.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 487 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC grew its stake in Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

WY has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lowered their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Price Performance

Shares of WY opened at $24.71 on Friday. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 1.39 and a beta of 0.89. The stock has a 50 day moving average of $24.17 and a 200-day moving average of $24.29. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.86.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a $0.21 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

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.