Czech National Bank Has $4.55 Million Position in Weyerhaeuser Company $WY

Key Points

• Czech National Bank increased its stake in Weyerhaeuser Company by 6.4% during the 2nd quarter, owning 177,282 shares valued at approximately $4.55 million.
• Analysts have set new price targets for Weyerhaeuser, with Citigroup and JPMorgan lowering their objectives to $31, while various ratings include one "Strong Buy" and one "Sell."
• Weyerhaeuser recently declared a $0.21 quarterly dividend, which represents a yield of 3.4%, though its payout ratio is notably high at 221.05%.

Czech National Bank increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,282 shares of the real estate investment trust's stock after acquiring an additional 10,628 shares during the period. Czech National Bank's holdings in Weyerhaeuser were worth $4,554,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in Weyerhaeuser by 8.0% in the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,480 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Weyerhaeuser by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Weyerhaeuser by 232.0% in the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 6,622 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Weyerhaeuser by 85.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock worth $1,087,000 after purchasing an additional 17,132 shares in the last quarter. Finally, CX Institutional purchased a new position in Weyerhaeuser in the 1st quarter worth about $119,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Citigroup lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Finally, CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

Weyerhaeuser Stock Performance

Shares of WY traded down $0.39 on Friday, reaching $24.15. 11,568,671 shares of the stock traded hands, compared to its average volume of 3,919,679. The firm has a market cap of $17.42 billion, a price-to-earnings ratio of 63.55, a P/E/G ratio of 77.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 12 month low of $23.98 and a 12 month high of $34.03. The stock's 50-day moving average price is $25.61 and its 200-day moving average price is $26.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Profile

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.