Weyerhaeuser Company $WY Shares Purchased by Saturna Capital Corp

Saturna Capital Corp grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,979 shares of the real estate investment trust’s stock after acquiring an additional 2,340 shares during the period. Saturna Capital Corp’s holdings in Weyerhaeuser were worth $565,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Weyerhaeuser in the second quarter valued at about $1,370,000. M&G PLC increased its holdings in shares of Weyerhaeuser by 13.4% in the 2nd quarter. M&G PLC now owns 2,298,189 shares of the real estate investment trust’s stock valued at $59,753,000 after acquiring an additional 271,481 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Weyerhaeuser by 3.3% during the 2nd quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 663 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after acquiring an additional 17,132 shares in the last quarter. Finally, Cambiar Investors LLC bought a new position in Weyerhaeuser during the second quarter worth $32,721,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. CIBC dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Truist Financial lowered their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.78.

Weyerhaeuser Stock Performance

WY opened at $21.59 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $23.83 and its 200-day moving average is $25.24. The stock has a market cap of $15.56 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. Weyerhaeuser Company has a twelve month low of $21.24 and a twelve month high of $32.70.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. On average, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

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.