Weyerhaeuser Company $WY Holdings Reduced by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. has reduced its holdings in Weyerhaeuser Company by 27.3%, now owning 33,347 shares valued at $857,000 following the sale of 12,512 shares.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, yielding 3.5%, despite a high dividend payout ratio of 221.05%.
• Analysts have varied opinions on Weyerhaeuser's stock, with price targets ranging from $27.00 to $35.00, and an average rating of "Moderate Buy."

Cullen Frost Bankers Inc. trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 27.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,347 shares of the real estate investment trust's stock after selling 12,512 shares during the period. Cullen Frost Bankers Inc.'s holdings in Weyerhaeuser were worth $857,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its holdings in shares of Weyerhaeuser by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 520,308 shares of the real estate investment trust's stock valued at $13,437,000 after buying an additional 23,054 shares in the last quarter. Unison Advisors LLC increased its holdings in shares of Weyerhaeuser by 0.8% in the second quarter. Unison Advisors LLC now owns 69,879 shares of the real estate investment trust's stock valued at $1,795,000 after buying an additional 570 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Weyerhaeuser by 6.8% in the second quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 520 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in shares of Weyerhaeuser by 0.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 385,177 shares of the real estate investment trust's stock valued at $9,895,000 after buying an additional 2,553 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Weyerhaeuser by 12.0% in the second quarter. Nordea Investment Management AB now owns 2,276,521 shares of the real estate investment trust's stock valued at $58,484,000 after buying an additional 243,439 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director directly owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Stock Up 0.8%

WY stock opened at $23.81 on Friday. Weyerhaeuser Company has a 12-month low of $23.23 and a 12-month high of $32.70. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 62.66, a PEG ratio of 248.35 and a beta of 1.05. The company has a 50 day moving average of $24.93 and a two-hundred day moving average of $25.60.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WY. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, October 13th. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Finally, DA Davidson restated a "buy" rating and issued a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.63.

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.

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