Weyerhaeuser Company $WY Stock: Sumitomo Mitsui Trust Group Inc. Boosts Holdings

Key Points

• Sumitomo Mitsui Trust Group increased its Weyerhaeuser stake by 3.9% in the third quarter, adding 52,107 shares to reach 1.39 million shares, worth about $26.4 million.
• Weyerhaeuser reported quarterly EPS of $0.08, beating the $0.04 consensus estimate, while revenue of $1.86 billion fell short of estimates but rose 8.4% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $26.10; the company’s annualized dividend was $0.84 per share, a 3.9% yield.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,385,158 shares of the real estate investment trust's stock after purchasing an additional 52,107 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Weyerhaeuser worth $26,387,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WY. First Eagle Investment Management LLC grew its position in Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust's stock valued at $1,225,232,000 after purchasing an additional 4,885,818 shares in the last quarter. Wellington Management Group LLP increased its stake in Weyerhaeuser by 14.3% in the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock valued at $1,043,164,000 after buying an additional 5,437,685 shares during the last quarter. State Street Corp increased its stake in Weyerhaeuser by 3.3% in the 2nd quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust's stock valued at $821,117,000 after buying an additional 1,106,553 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Weyerhaeuser during the 2nd quarter worth about $468,969,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Weyerhaeuser by 11.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,212,273 shares of the real estate investment trust's stock worth $151,766,000 after buying an additional 639,334 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $21.64 on Friday. Weyerhaeuser Company has a 1-year low of $18.25 and a 1-year high of $27.75. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $20.63 and a 200 day simple moving average of $23.59. The stock has a market capitalization of $15.59 billion, a PE ratio of 34.90, a P/E/G ratio of 4.45 and a beta of 0.92.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. The company's quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser Company will post 0.27 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is 135.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Bank of America raised Weyerhaeuser from a "neutral" rating to a "buy" rating and lowered their target price for the company from $28.00 to $25.00 in a research report on Wednesday, October 14th. DA Davidson lowered their target price on Weyerhaeuser from $31.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, October 27th. Raymond James Financial upgraded Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 target price on the stock in a report on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Weyerhaeuser from $25.00 to $24.00 and set an "outperformer" rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.10.

Weyerhaeuser Profile

Weyerhaeuser NYSE: WY is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser's principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.

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