JPMorgan Chase & Co. Decreases Stake in Weyerhaeuser (NYSE:WY)

JPMorgan Chase & Co. decreased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,184,181 shares of the real estate investment trust's stock after selling 834,031 shares during the quarter. JPMorgan Chase & Co. owned 1.95% of Weyerhaeuser worth $480,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser during the 2nd quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank grew its position in shares of Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 719 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 0.6 %

Shares of Weyerhaeuser stock traded down $0.18 during trading hours on Friday, reaching $27.99. The company's stock had a trading volume of 2,320,495 shares, compared to its average volume of 3,605,524. The company has a market capitalization of $20.34 billion, a P/E ratio of 37.82 and a beta of 1.40. The stock's fifty day simple moving average is $30.78 and its two-hundred day simple moving average is $30.78. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. On average, research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.86%. Weyerhaeuser's payout ratio is 108.11%.

Analyst Ratings Changes

A number of equities analysts recently commented on WY shares. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Truist Financial lifted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.71.

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.