Hsbc Holdings PLC Grows Holdings in Weyerhaeuser Company $WY

Hsbc Holdings PLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,306,310 shares of the real estate investment trust’s stock after buying an additional 84,201 shares during the period. Hsbc Holdings PLC’s holdings in Weyerhaeuser were worth $30,960,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in Weyerhaeuser in the fourth quarter worth approximately $279,000. PEAK6 LLC bought a new stake in Weyerhaeuser in the fourth quarter valued at approximately $583,000. Corient Private Wealth LLC boosted its stake in shares of Weyerhaeuser by 8.5% during the fourth quarter. Corient Private Wealth LLC now owns 184,003 shares of the real estate investment trust’s stock valued at $4,378,000 after purchasing an additional 14,492 shares during the period. Flax Pond Capital LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $1,674,000. Finally, Bayban purchased a new position in shares of Weyerhaeuser in the fourth quarter worth $41,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WY shares. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Tuesday, June 30th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Price Performance

WY opened at $23.57 on Tuesday. 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 company has a market cap of $16.99 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The stock has a fifty day simple moving average of $24.16 and a two-hundred day simple moving average of $24.64. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75.

Weyerhaeuser (NYSE:WY) last issued 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. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. Weyerhaeuser’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Research analysts predict that Weyerhaeuser Company will post 0.31 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 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.