Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 31,405 Shares of Weyerhaeuser Company $WY

Fideuram Intesa Sanpaolo Private Banking S.P.A. trimmed its holdings in Weyerhaeuser Company (NYSE:WY) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,798 shares of the real estate investment trust’s stock after selling 31,405 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Weyerhaeuser were worth $6,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Weyerhaeuser during the 4th quarter valued at $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 purchasing an additional 757 shares during the period. Bayban acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at $41,000. Costello Asset Management INC increased its holdings in shares of Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Weyerhaeuser in the fourth quarter valued at about $43,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 0.8%

WY opened at $23.75 on Friday. The stock has a fifty day moving average of $24.18 and a 200-day moving average of $24.63. The company has a market capitalization of $17.13 billion, a P/E ratio of 43.99, a P/E/G ratio of 1.36 and a beta of 0.89. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Company will post 0.31 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WY shares. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Citigroup cut their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Truist Financial reduced their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.