Hsbc Holdings PLC Boosts Stock Position in Weyerhaeuser Company $WY

Hsbc Holdings PLC boosted its position in Weyerhaeuser Company (NYSE:WY) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,306,310 shares of the real estate investment trust’s stock after purchasing an additional 84,201 shares during the quarter. Hsbc Holdings PLC owned about 0.18% of Weyerhaeuser worth $30,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $39,000. Addison Advisors LLC boosted its position in Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares during the last quarter. Bayban purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $41,000. Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth $42,000. Finally, Costello Asset Management INC boosted its holdings in shares of Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WY has been the topic of several recent analyst reports. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Citigroup lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Trading Up 3.6%

Shares of WY opened at $25.33 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.26 billion, a P/E ratio of 46.90, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The stock’s fifty day simple moving average is $24.22 and its 200 day simple moving average is $24.55. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s payout ratio is currently 155.56%.

Weyerhaeuser 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.