KBC Group NV Acquires 15,609 Shares of Weyerhaeuser Company $WY

KBC Group NV increased its stake in Weyerhaeuser Company (NYSE:WY) by 31.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,114 shares of the real estate investment trust’s stock after acquiring an additional 15,609 shares during the period. KBC Group NV’s holdings in Weyerhaeuser were worth $1,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $29,000. Hantz Financial Services Inc. raised its holdings in Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the period. Costello Asset Management INC purchased a new stake in Weyerhaeuser during the 1st quarter valued at $32,000. Marshall Investment Management LLC bought a new stake in Weyerhaeuser in the first quarter worth $36,000. Finally, Private Wealth Asset Management LLC boosted its stake in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WY shares. Royal Bank Of Canada lowered their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. DA Davidson dropped their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $30.25.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $22.13 on Monday. The firm’s 50 day simple moving average is $23.99 and its 200-day simple moving average is $25.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a one year low of $22.10 and a one year high of $32.70. The firm has a market cap of $15.95 billion, a PE ratio of 58.23, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business earned $0.05 earnings per share. Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

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.