Sumitomo Mitsui Trust Group Inc. Sells 24,729 Shares of Weyerhaeuser Company $WY

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 1.5% during the second quarter, HoldingsChannel reports. The fund owned 1,604,314 shares of the real estate investment trust’s stock after selling 24,729 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Weyerhaeuser were worth $41,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WY. GAMMA Investing LLC raised its holdings in Weyerhaeuser by 23.3% during the 1st quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 2,967 shares during the period. Spire Wealth Management raised its holdings in Weyerhaeuser by 40.7% during the 1st quarter. Spire Wealth Management now owns 6,552 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 1,894 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Weyerhaeuser by 21.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,107 shares of the real estate investment trust’s stock valued at $2,557,000 after acquiring an additional 15,174 shares during the period. Naviter Wealth LLC grew its position in shares of Weyerhaeuser by 2.9% during the 1st quarter. Naviter Wealth LLC now owns 42,415 shares of the real estate investment trust’s stock valued at $1,245,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Weyerhaeuser by 1.5% during the 1st quarter. Amalgamated Bank now owns 142,122 shares of the real estate investment trust’s stock valued at $4,161,000 after purchasing an additional 2,059 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.5%

Shares of NYSE:WY opened at $24.01 on Tuesday. Weyerhaeuser Company has a 52-week low of $23.23 and a 52-week high of $32.70. The firm has a fifty day moving average of $24.86 and a 200 day moving average of $25.58. The firm has a market capitalization of $17.32 billion, a PE ratio of 63.18, a price-to-earnings-growth ratio of 251.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

WY has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.