Weyerhaeuser Company (NYSE:WY) Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Weyerhaeuser Company by 0.3%, now owning approximately 15.69% of the company, valued at over $3.33 billion.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, representing an annualized yield of 3.3%, despite a significant dividend payout ratio of 221.05%.
• Wall Street analysts have differing views on Weyerhaeuser, with price targets being lowered by various firms, resulting in a consensus rating of "Moderate Buy" and a target price of $32.88.

Vanguard Group Inc. boosted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,775,816 shares of the real estate investment trust's stock after purchasing an additional 339,884 shares during the quarter. Vanguard Group Inc. owned about 15.69% of Weyerhaeuser worth $3,331,356,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $31,000. Costello Asset Management INC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $32,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Citigroup reduced their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. DA Davidson cut their price target 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. Finally, Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Trading Up 1.3%

WY traded up $0.34 during trading hours on Tuesday, reaching $25.62. The company's stock had a trading volume of 3,318,382 shares, compared to its average volume of 4,076,792. Weyerhaeuser Company has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The stock has a market cap of $18.49 billion, a PE ratio of 67.42, a P/E/G ratio of 66.64 and a beta of 1.08. The business's 50-day moving average is $26.08 and its 200-day moving average is $27.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm 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 business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

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

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.