Wilmington Savings Fund Society FSB Purchases New Shares in Weyerhaeuser (NYSE:WY)

Wilmington Savings Fund Society FSB bought a new stake in Weyerhaeuser (NYSE:WY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,589 shares of the real estate investment trust's stock, valued at approximately $1,070,000.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. State Street Corp boosted its holdings in Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock worth $1,063,463,000 after buying an additional 761,757 shares during the period. Geode Capital Management LLC boosted its holdings in Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after buying an additional 217,510 shares during the period. Legal & General Group Plc boosted its holdings in Weyerhaeuser by 4.6% in 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after purchasing an additional 454,095 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WY. Truist Financial increased their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Finally, StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of "Hold" and a consensus target price of $36.33.

Weyerhaeuser Stock Performance

WY traded down $0.34 during trading on Friday, reaching $30.06. 3,176,023 shares of the company's stock were exchanged, compared to its average volume of 2,994,645. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $21.84 billion, a P/E ratio of 40.62 and a beta of 1.40. The company's fifty day simple moving average is $31.72 and its 200-day simple moving average is $30.86. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Weyerhaeuser 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.