US Bancorp DE Has $18.49 Million Stock Holdings in Weyerhaeuser Company (NYSE:WY)

Key Points

• US Bancorp DE reduced its stake in Weyerhaeuser Company by 2.6% to $18.49 million, now owning approximately 0.09% of the company.
• Weyerhaeuser's quarterly earnings reported an EPS of $0.12, surpassing analysts' estimates, although its revenue decreased 2.8% year-over-year.
• Weyerhaeuser announced a $1 billion share repurchase program, indicating belief in the stock being undervalued.

US Bancorp DE lessened its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,599 shares of the real estate investment trust's stock after selling 17,123 shares during the quarter. US Bancorp DE owned approximately 0.09% of Weyerhaeuser worth $18,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. DAVENPORT & Co LLC grew its holdings in shares of Weyerhaeuser by 8.0% during the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Weyerhaeuser by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after purchasing an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Weyerhaeuser by 232.0% in the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 6,622 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Weyerhaeuser by 85.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock valued at $1,087,000 after acquiring an additional 17,132 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $119,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded up $0.53 during mid-day trading on Tuesday, hitting $25.80. 4,830,616 shares of the company's stock traded hands, compared to its average volume of 5,184,027. The firm has a 50 day moving average of $26.11 and a two-hundred day moving average of $27.46. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 67.90, a price-to-earnings-growth ratio of 66.09 and a beta of 1.08. 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 announced 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 during 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% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on WY shares. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday. CIBC cut their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Citigroup reduced their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average target price of $32.88.

About Weyerhaeuser

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.