Weyerhaeuser Company (NYSE:WY) Stock Position Decreased by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its holdings in Weyerhaeuser Company by 69.6%, selling over 2 million shares during the first quarter.
• Weyerhaeuser's stock has faced various rating adjustments, with analysts currently holding an average rating of "Moderate Buy" and a price target of $32.88.
• The company announced a quarterly dividend of $0.21 per share, reflecting an annual yield of 3.3%, though its dividend payout ratio stands at an unusually high 221.05%.

Aberdeen Group plc lessened its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 69.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 949,213 shares of the real estate investment trust's stock after selling 2,174,707 shares during the period. Aberdeen Group plc owned 0.13% of Weyerhaeuser worth $27,589,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $27,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $31,000. Finally, Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $32,000. Institutional investors own 82.99% of the company's stock.

Insider Buying and Selling

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WY has been the topic of several analyst reports. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. 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. Citigroup dropped their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. DA Davidson dropped their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, CIBC dropped their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Two equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Trading Down 1.7%

Shares of NYSE:WY opened at $25.84 on Friday. The company has a 50 day moving average of $26.05 and a 200-day moving average of $27.20. The firm has a market cap of $18.64 billion, a P/E ratio of 68.00, a P/E/G ratio of 74.87 and a beta of 1.08. 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 issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share 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 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, analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser announced that its board has approved a stock repurchase plan on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently announced 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 yield of 3.3%. Weyerhaeuser's dividend payout ratio is currently 221.05%.

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.

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