Charles Schwab Investment Management Inc. Has $267.56 Million Holdings in Weyerhaeuser Company (NYSE:WY)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Weyerhaeuser Company by 1.7%, acquiring an additional 151,929 shares, bringing its total ownership to approximately 9.14 million shares worth $267.56 million.
• Weyerhaeuser reported a quarterly earnings of $0.12 EPS, exceeding the consensus estimate of $0.10, although revenue for the quarter fell 2.8% year over year, totaling $1.88 billion.
• The company has announced a quarterly dividend of $0.21 per share, resulting in a dividend yield of 3.3%, despite a high payout ratio of 221.05%.

Charles Schwab Investment Management Inc. grew its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,138,010 shares of the real estate investment trust's stock after acquiring an additional 151,929 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.26% of Weyerhaeuser worth $267,561,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WY. South Plains Financial Inc. acquired a new stake in Weyerhaeuser during the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser during the first quarter worth about $32,000. Finally, Marshall Investment Management LLC purchased a new stake in Weyerhaeuser during the first quarter valued at about $36,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.7%

NYSE WY traded down $0.19 during trading on Monday, reaching $25.30. 3,034,318 shares of the company's stock were exchanged, compared to its average volume of 4,081,814. The company has a 50 day moving average price of $26.08 and a two-hundred day moving average price of $27.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The stock has a market cap of $18.25 billion, a P/E ratio of 66.57, a price-to-earnings-growth ratio of 66.64 and a beta of 1.08.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The business's revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has authorized a stock buyback program on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Analyst Ratings Changes

WY has been the subject of several analyst reports. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. CIBC decreased their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. DA Davidson dropped their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $32.88.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.