Raiffeisen Bank International AG Decreases Position in Weyerhaeuser Company (NYSE:WY)

Key Points

• Raiffeisen Bank International AG has reduced its stock holdings in Weyerhaeuser Company by 20.2%, selling 44,088 shares and leaving them with 174,469 shares valued at $5,122,000.
• Other institutional investors, including Cohen & Steers Inc. and Bank of New York Mellon Corp, have significantly increased their stakes in Weyerhaeuser, with Cohen & Steers increasing holdings by 57.5%.
• Weyerhaeuser recently announced a $1.00 billion share buyback plan, indicating management's belief that its stock is undervalued, alongside a quarterly dividend of $0.21 representing a yield of 3.3%.

Raiffeisen Bank International AG decreased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,469 shares of the real estate investment trust's stock after selling 44,088 shares during the quarter. Raiffeisen Bank International AG's holdings in Weyerhaeuser were worth $5,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC grew its position in shares of Weyerhaeuser by 2,817.0% during the 4th quarter. Headlands Technologies LLC now owns 2,567 shares of the real estate investment trust's stock worth $72,000 after buying an additional 2,479 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $3,624,000. Russell Investments Group Ltd. boosted its holdings in shares of Weyerhaeuser by 29.2% in the 4th quarter. Russell Investments Group Ltd. now owns 3,000,255 shares of the real estate investment trust's stock valued at $84,423,000 after purchasing an additional 678,539 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 416 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Weyerhaeuser in the fourth quarter valued at $138,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WY has been the topic of a number of analyst reports. CIBC cut their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday. DA Davidson dropped their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Truist Financial decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Stock Up 2.1%

NYSE WY traded up $0.53 on Tuesday, reaching $25.80. 4,830,616 shares of the stock traded hands, compared to its average volume of 5,184,027. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 67.90, a PEG ratio of 66.09 and a beta of 1.08. 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 company has a fifty day moving average price of $26.11 and a 200-day moving average price of $27.46.

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. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has initiated a stock buyback plan 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 reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

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.