Weyerhaeuser Company (NYSE:WY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 89.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 41,257 shares of the real estate investment trust's stock after acquiring an additional 19,501 shares during the quarter. SG Americas Securities LLC's holdings in Weyerhaeuser were worth $1,208,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WY. Cohen & Steers Inc. raised its position in Weyerhaeuser by 57.5% in 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 purchasing an additional 14,213,243 shares in the last quarter. Norges Bank acquired a new position in Weyerhaeuser in the fourth quarter valued at $638,470,000. Geode Capital Management LLC raised its stake in Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after acquiring an additional 637,643 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after buying an additional 158,800 shares during the period. Finally, Northern Trust Corp raised its holdings in Weyerhaeuser by 3.5% during the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after purchasing an additional 322,313 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WY. Citigroup lowered their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. Truist Financial reduced their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. CIBC lowered their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Finally, The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Weyerhaeuser Stock Up 1.1%

Shares of NYSE WY traded up $0.29 during midday trading on Friday, reaching $26.26. 2,546,077 shares of the company's stock were exchanged, compared to its average volume of 3,835,285. The stock has a market capitalization of $19.05 billion, a PE ratio of 52.55, a price-to-earnings-growth ratio of 33.69 and a beta of 1.16. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. The business's fifty day moving average price is $26.02 and its two-hundred day moving average price is $28.18.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The business's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. Analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

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

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

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.