Weyerhaeuser Company $WY Shares Acquired by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Weyerhaeuser stake by 4.4% in the third quarter, purchasing 148,614 additional shares and bringing its holdings to approximately 3.5 million shares valued at $66.6 million.
• Institutional ownership remains high at 82.99%, with First Eagle, Wellington Management and State Street among other major investors that recently increased their positions.
• Weyerhaeuser shares traded at $19.64, near their 52-week low, while analysts maintained a “Moderate Buy” consensus and an average price target of $26.67. The company also pays a quarterly dividend of $0.21, representing a 4.3% annualized yield.

Vontobel Holding Ltd. increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,496,317 shares of the real estate investment trust's stock after buying an additional 148,614 shares during the period. Vontobel Holding Ltd. owned about 0.49% of Weyerhaeuser worth $66,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its position in shares of Weyerhaeuser by 10.6% during the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust's stock worth $1,225,232,000 after acquiring an additional 4,885,818 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Weyerhaeuser by 14.3% in the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock worth $1,043,164,000 after acquiring an additional 5,437,685 shares in the last quarter. State Street Corp lifted its stake in shares of Weyerhaeuser by 3.3% in the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust's stock worth $821,117,000 after acquiring an additional 1,106,553 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Weyerhaeuser in the second quarter valued at about $468,969,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Weyerhaeuser by 11.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,212,273 shares of the real estate investment trust's stock valued at $151,766,000 after purchasing an additional 639,334 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 1.4%

Shares of WY traded up $0.27 during midday trading on Friday, hitting $19.64. The company had a trading volume of 9,687,315 shares, compared to its average volume of 9,217,297. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.38 and a beta of 0.92. The company's 50 day moving average price is $21.86 and its 200 day moving average price is $23.41. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The business's revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts predict that Weyerhaeuser Company will post 0.27 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 4.3%. Weyerhaeuser's dividend payout ratio (DPR) is currently 129.23%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Weyerhaeuser from $28.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. dropped their price objective on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, September 3rd. Bank of America raised Weyerhaeuser from a "neutral" rating to a "buy" rating and cut their target price for the company from $28.00 to $25.00 in a research report on Wednesday. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Finally, Citigroup reduced their target price on Weyerhaeuser from $29.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Weyerhaeuser Profile

Weyerhaeuser NYSE: WY is one of the world's largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.

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