Sumitomo Mitsui DS Asset Management Company Ltd Reduces Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd has decreased its stake in Weyerhaeuser Company by 18.1%, selling 18,798 shares and now holding 85,292 shares worth approximately $2.19 million.
• Weyerhaeuser reported a quarterly EPS of $0.12, surpassing estimates, but revenue of $1.88 billion fell short of expectations and was down 2.8% compared to the previous year.
• The company declared a quarterly dividend of $0.21 per share, which translates to an annual yield of 3.5%, despite having a dividend payout ratio of 221.05%.

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 18.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,292 shares of the real estate investment trust's stock after selling 18,798 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Weyerhaeuser were worth $2,191,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at $27,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser during the first quarter valued at $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser during the first quarter valued at $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser during the first quarter valued at $36,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on WY. CIBC decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. DA Davidson decreased their price objective on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Citigroup decreased their price objective on 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 Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Truist Financial decreased their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Trading Up 0.8%

Shares of Weyerhaeuser stock traded up $0.19 during trading hours on Monday, reaching $24.29. The stock had a trading volume of 5,380,973 shares, compared to its average volume of 4,195,707. The firm has a 50 day simple moving average of $25.61 and a two-hundred day simple moving average of $26.37. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 63.91, a P/E/G ratio of 84.50 and a beta of 1.07. 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 Company has a 1 year low of $23.98 and a 1 year high of $34.03.

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

Weyerhaeuser Dividend Announcement

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

Insider Activity at Weyerhaeuser

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

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.