Weyerhaeuser Company $WY Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Weyerhaeuser Company (NYSE:WY) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,496,317 shares of the real estate investment trust’s stock after buying an additional 148,614 shares during the period. Vontobel Holding Ltd.’s holdings in Weyerhaeuser were worth $66,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Baugh & Associates LLC raised its holdings in shares of Weyerhaeuser by 11.6% during the third quarter. Baugh & Associates LLC now owns 222,873 shares of the real estate investment trust’s stock valued at $4,246,000 after buying an additional 23,175 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Weyerhaeuser by 0.3% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 691,952 shares of the real estate investment trust’s stock worth $13,182,000 after buying an additional 1,940 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Weyerhaeuser by 25.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 30,581 shares of the real estate investment trust’s stock worth $583,000 after buying an additional 6,280 shares in the last quarter. TSP Capital Management Group LLC grew its holdings in Weyerhaeuser by 9.6% in the 3rd quarter. TSP Capital Management Group LLC now owns 22,811 shares of the real estate investment trust’s stock worth $435,000 after buying an additional 2,000 shares in the last quarter. Finally, Cohen Klingenstein LLC acquired a new stake in Weyerhaeuser in the 3rd quarter valued at approximately $787,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded up $0.27 on Friday, hitting $19.64. The company had a trading volume of 9,687,315 shares, compared to its average volume of 9,217,297. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company has a market cap of $14.16 billion, a PE ratio of 30.22, a PEG ratio of 2.38 and a beta of 0.92. The business has a 50-day simple moving average of $21.86 and a 200-day simple moving average of $23.41.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned $0.12 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Research analysts expect that Weyerhaeuser Company will post 0.27 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WY. Truist Financial cut their target price on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Royal Bank Of Canada decreased their price target on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Weyerhaeuser Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.