Artemis Investment Management LLP Lowers Holdings in Weyerhaeuser (NYSE:WY)

Artemis Investment Management LLP decreased its holdings in Weyerhaeuser (NYSE:WY) by 63.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 255,201 shares of the real estate investment trust’s stock after selling 445,049 shares during the period. Artemis Investment Management LLP’s holdings in Weyerhaeuser were worth $9,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in Weyerhaeuser by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after buying an additional 888,621 shares during the period. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after buying an additional 10,271,891 shares during the period. Norges Bank purchased a new stake in Weyerhaeuser in the 4th quarter valued at about $753,497,000. JPMorgan Chase & Co. grew its holdings in Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Weyerhaeuser by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after buying an additional 198,789 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on WY. Royal Bank of Canada lowered their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Truist Financial reiterated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.67.

Weyerhaeuser Stock Up 0.6 %

NYSE WY opened at $28.38 on Friday. The stock has a market cap of $20.69 billion, a PE ratio of 25.80 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $27.86 and a fifty-two week high of $36.27. The business has a 50 day moving average price of $30.07 and a two-hundred day moving average price of $32.53. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. As a group, sell-side analysts predict that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

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.