US Bancorp DE Decreases Position in Weyerhaeuser (NYSE:WY)

US Bancorp DE decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677,608 shares of the real estate investment trust's stock after selling 42,422 shares during the quarter. US Bancorp DE owned 0.09% of Weyerhaeuser worth $22,944,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Weyerhaeuser by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust's stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares during the period. Legal & General Group Plc raised its stake in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock worth $324,450,000 after buying an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after buying an additional 2,004,073 shares during the period. Principal Financial Group Inc. lifted its position in shares of Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust's stock valued at $93,584,000 after buying an additional 804,650 shares in the last quarter. Finally, abrdn plc grew its stake in Weyerhaeuser by 4.1% in the 3rd quarter. abrdn plc now owns 3,256,780 shares of the real estate investment trust's stock valued at $110,161,000 after acquiring an additional 128,055 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WY shares. BMO Capital Markets restated a "market perform" rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Finally, DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus price target of $36.33.

Weyerhaeuser Price Performance

WY traded up $0.02 during trading on Friday, reaching $31.18. The company's stock had a trading volume of 3,007,024 shares, compared to its average volume of 3,601,198. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 42.14 and a beta of 1.40. The firm has a fifty day simple moving average of $32.14 and a two-hundred day simple moving average of $30.78. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. As a group, analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser's dividend payout ratio (DPR) is 108.11%.

Insiders Place Their Bets

In related news, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin O'rourke acquired 7,800 shares of the company's stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

About Weyerhaeuser

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.