IFM Investors Pty Ltd Reduces Stock Position in Weyerhaeuser Company $WY

Key Points

• IFM Investors Pty Ltd reduced its holdings in Weyerhaeuser Company by 18.0%, owning 119,968 shares valued at approximately $3,082,000 after selling 26,332 shares in Q2.
• Weyerhaeuser reported earnings per share (EPS) of $0.12 in its latest quarter, exceeding the consensus estimate of $0.10, despite a 2.8% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.21 per share, with a notable payout ratio of 221.05%, indicating significant returns to shareholders despite the recent financial performance challenges.

IFM Investors Pty Ltd reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,968 shares of the real estate investment trust's stock after selling 26,332 shares during the quarter. IFM Investors Pty Ltd's holdings in Weyerhaeuser were worth $3,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new position in shares of Weyerhaeuser in the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser in the 1st quarter worth $31,000. Costello Asset Management INC bought a new stake in Weyerhaeuser in the 1st quarter worth $32,000. Marshall Investment Management LLC bought a new stake in Weyerhaeuser in the 1st quarter worth $36,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $40,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 0.8%

Shares of Weyerhaeuser stock opened at $24.29 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market capitalization of $17.52 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 84.50 and a beta of 1.07. Weyerhaeuser Company has a 52-week low of $23.98 and a 52-week high of $34.03. The company has a 50-day simple moving average of $25.58 and a two-hundred day simple moving average of $26.33.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results 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. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. On average, analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser's payout ratio is 221.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WY. JPMorgan Chase & Co. cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Citigroup cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. DA Davidson cut their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, CIBC cut their target price on shares of 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.88.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.27% of the company's stock.

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.

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