Royal Bank of Canada Boosts Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Royal Bank of Canada increased its stake in Weyerhaeuser Company by 38.9%, acquiring an additional 763,799 shares, bringing its total ownership to approximately 2.73 million shares valued at about $79.9 million.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, representing an annualized yield of 3.4% and a payout ratio of 221.05%.
• Equities analysts have issued mixed ratings on Weyerhaeuser, with an average price target of $32.88 and varying classifications ranging from "Strong Buy" to "Sell" as of recent evaluations.

Royal Bank of Canada lifted its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 38.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,729,556 shares of the real estate investment trust's stock after purchasing an additional 763,799 shares during the period. Royal Bank of Canada owned about 0.38% of Weyerhaeuser worth $79,922,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Weyerhaeuser by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 0.5% during the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock worth $1,047,234,000 after purchasing an additional 193,854 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock worth $349,368,000 after purchasing an additional 440,163 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock worth $267,561,000 after purchasing an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Weyerhaeuser by 2.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock valued at $264,171,000 after buying an additional 213,062 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock traded up $0.55 during trading hours on Friday, hitting $26.10. The company's stock had a trading volume of 3,452,715 shares, compared to its average volume of 3,675,931. The business has a fifty day moving average of $25.85 and a 200-day moving average of $26.76. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 68.69, a P/E/G ratio of 80.08 and a beta of 1.07. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Truist Financial dropped their price target on shares of 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 lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson lowered their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, Citigroup lowered their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Insider Activity

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.27% of the company's stock.

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.