Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 31,405 Shares of Weyerhaeuser Company $WY

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its stake in shares of Weyerhaeuser Company (NYSE:WY) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,798 shares of the real estate investment trust’s stock after selling 31,405 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Weyerhaeuser were worth $6,054,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after buying an additional 346,571 shares in the last quarter. Empowered Funds LLC raised its position in shares of Weyerhaeuser by 3.4% in the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 1,498 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Weyerhaeuser by 5.9% during the 1st quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 3,124 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $275,000. Finally, Bank of Nova Scotia boosted its position in shares of Weyerhaeuser by 10.2% during the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WY shares. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Truist Financial reduced their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. boosted their price target on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Price Performance

WY stock opened at $23.75 on Friday. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 43.99, a P/E/G ratio of 1.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The company has a 50 day simple moving average of $24.18 and a 200 day simple moving average of $24.63. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. Research analysts anticipate that Weyerhaeuser Company will post 0.31 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.