Weyerhaeuser Company (NYSE:WY) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Weyerhaeuser Company by 7.9%, holding approximately 3.87 million shares valued at $113 million after selling 331,525 shares in the first quarter.
• Weyerhaeuser reported a quarterly earnings per share (EPS) of $0.12, exceeding estimates, but its revenue of $1.88 billion fell short of the $1.94 billion forecasts.
• The company announced a quarterly dividend of $0.21, indicating a dividend yield of 3.3% and a high payout ratio of 221.05%.

Deutsche Bank AG trimmed its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,865,265 shares of the real estate investment trust's stock after selling 331,525 shares during the quarter. Deutsche Bank AG owned about 0.53% of Weyerhaeuser worth $113,175,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Weyerhaeuser by 0.3% in 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 buying an additional 339,884 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after buying an additional 14,213,243 shares in the last quarter. Northern Trust Corp lifted its position in shares of Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after buying an additional 322,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock valued at $267,561,000 after buying an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Weyerhaeuser by 2.4% during the 1st 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 purchasing an additional 213,062 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 1.3%

Shares of WY stock traded up $0.34 during mid-day trading on Tuesday, hitting $25.62. The stock had a trading volume of 3,432,351 shares, compared to its average volume of 4,733,142. 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 $18.49 billion, a P/E ratio of 67.42, a price-to-earnings-growth ratio of 73.25 and a beta of 1.08. The firm's 50-day moving average is $26.08 and its two-hundred 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 earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business earned $0.21 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business 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. 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 is 221.05%.

Weyerhaeuser announced that its Board of Directors has authorized a share repurchase program on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup decreased their target price 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 downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson cut their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

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.