Dakota Wealth Management Sells 3,447 Shares of Weyerhaeuser Company (NYSE:WY)

Dakota Wealth Management reduced its holdings in Weyerhaeuser Company (NYSE:WY) by 25.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,969 shares of the real estate investment trust’s stock after selling 3,447 shares during the quarter. Dakota Wealth Management’s holdings in Weyerhaeuser were worth $292,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WY. Norges Bank acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $638,470,000. Cohen & Steers Inc. increased its stake in Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock valued at $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Weyerhaeuser by 63.9% in the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after acquiring an additional 2,833,288 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Weyerhaeuser by 23,525.2% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,428,378 shares of the real estate investment trust’s stock worth $41,823,000 after buying an additional 1,422,332 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Weyerhaeuser by 43.6% in the fourth quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust’s stock worth $118,140,000 after purchasing an additional 1,273,217 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 0.9%

WY opened at $25.68 on Friday. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 51.35, a PEG ratio of 40.69 and a beta of 1.14. The business has a 50 day simple moving average of $26.21 and a two-hundred day simple moving average of $27.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.9% compared to the same quarter last year. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Friday, May 30th. Weyerhaeuser’s dividend payout ratio is presently 168.00%.

Weyerhaeuser declared that its board has authorized a stock repurchase program on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on WY shares. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. CIBC decreased their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a report on Tuesday, April 22nd. Truist Financial reduced their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. Finally, Citigroup dropped their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.13.

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.