Hsbc Holdings PLC Has $39.10 Million Stake in Weyerhaeuser Company $WY

Key Points

• HSBC Holdings increased its Weyerhaeuser stake by 23% in the second quarter, adding 305,983 shares to own 1.64 million shares valued at approximately $39.1 million. Institutional investors collectively hold 82.99% of the company.
• Weyerhaeuser reported quarterly EPS of $0.13, beating estimates of $0.08, while revenue reached $1.87 billion but declined 8.3% year over year. The stock opened at $23.04, below analysts’ consensus price target of $28.67.
• The company declared a quarterly dividend of $0.21 per share, or $0.84 annually, representing a 3.6% yield. Analysts maintain a consensus “Moderate Buy” rating on WY.

Hsbc Holdings PLC boosted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,636,104 shares of the real estate investment trust's stock after acquiring an additional 305,983 shares during the quarter. Hsbc Holdings PLC owned 0.23% of Weyerhaeuser worth $39,100,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WY. Summit Financial LLC increased its position in shares of Weyerhaeuser by 1.3% during the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust's stock valued at $771,000 after purchasing an additional 428 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust's stock worth $57,000 after buying an additional 428 shares during the last quarter. BOKF NA boosted its holdings in shares of Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock worth $260,000 after buying an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 472 shares during the period. Finally, New Mexico Educational Retirement Board grew its position in Weyerhaeuser by 1.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust's stock valued at $787,000 after buying an additional 500 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $23.04 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The business has a 50-day moving average price of $24.08 and a 200-day moving average price of $24.20. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned $0.12 EPS. The firm's quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is 129.23%.

Analyst Ratings Changes

WY has been the subject of a number of research reports. Weiss Ratings raised shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. DA Davidson reiterated a "buy" rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Truist Financial reissued a "hold" rating and set a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Citigroup reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Weyerhaeuser in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $28.67.

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.

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