US Bancorp DE Sells 58,147 Shares of Weyerhaeuser Company $WY

US Bancorp DE reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 573,452 shares of the real estate investment trust’s stock after selling 58,147 shares during the period. US Bancorp DE owned about 0.08% of Weyerhaeuser worth $14,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. S.A. Mason LLC grew its position in Weyerhaeuser by 5.6% during the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 408 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 445 shares during the last quarter. Unison Advisors LLC grew its holdings in shares of Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock worth $2,029,000 after purchasing an additional 455 shares during the last quarter. SPC Financial Inc. grew its holdings in shares of Weyerhaeuser by 3.5% in the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 500 shares during the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of Weyerhaeuser by 5.2% in the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 516 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $23.95 on Friday. 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 firm has a market capitalization of $17.28 billion, a P/E ratio of 63.03, a P/E/G ratio of 152.35 and a beta of 1.05. The business has a fifty day simple moving average of $25.30 and a two-hundred day simple moving average of $25.87. Weyerhaeuser Company has a 12 month low of $23.92 and a 12 month high of $33.56.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.21 per share. 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 dividend payout ratio (DPR) is currently 221.05%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WY shares. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. CIBC cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Thursday, September 11th. DA Davidson reiterated a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

Insider Activity

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

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.