Weyerhaeuser Company $WY Holdings Decreased by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Weyerhaeuser Company by 33.1%, bringing its holdings to valued at $1.12 million after selling nearly 19,000 shares in the first quarter.
• Weyerhaeuser recently posted earnings of $0.12 per share, surpassing analysts' expectations, but reported a 2.8% decline in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.21 per share, which reflects a yield of 3.3%, alongside a share repurchase program worth $1.00 billion aimed at buying back 5.3% of its stock.

Gulf International Bank UK Ltd reduced its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 33.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,304 shares of the real estate investment trust's stock after selling 18,947 shares during the quarter. Gulf International Bank UK Ltd's holdings in Weyerhaeuser were worth $1,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. National Pension Service grew its position in shares of Weyerhaeuser by 14.2% during the first quarter. National Pension Service now owns 1,103,361 shares of the real estate investment trust's stock worth $32,306,000 after acquiring an additional 136,966 shares during the last quarter. MSH Capital Advisors LLC purchased a new position in shares of Weyerhaeuser during the first quarter worth approximately $213,000. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser during the first quarter worth approximately $29,000. Resona Asset Management Co. Ltd. grew its position in shares of Weyerhaeuser by 0.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 129,843 shares of the real estate investment trust's stock worth $3,805,000 after acquiring an additional 904 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Weyerhaeuser by 7.8% during the first quarter. HighTower Advisors LLC now owns 356,078 shares of the real estate investment trust's stock worth $10,426,000 after acquiring an additional 25,728 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

NYSE:WY traded up $0.6390 during trading hours on Tuesday, hitting $26.3190. The company's stock had a trading volume of 3,102,666 shares, compared to its average volume of 4,064,842. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a market capitalization of $18.99 billion, a PE ratio of 69.26, a PEG ratio of 74.87 and a beta of 1.08. The business's 50-day moving average is $26.02 and its two-hundred day moving average is $27.14. 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 (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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the business posted $0.21 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WY has been the topic of a number of research reports. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. CIBC decreased their price target on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Finally, DA Davidson decreased their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Company 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.