Vontobel Holding Ltd. Takes $1.73 Million Position in Weyerhaeuser Company $WY

Vontobel Holding Ltd. acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 67,317 shares of the real estate investment trust’s stock, valued at approximately $1,729,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Weyerhaeuser by 0.3% during the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock valued at $3,331,356,000 after acquiring an additional 339,884 shares in the last quarter. Wellington Management Group LLP grew its stake in Weyerhaeuser by 0.5% during the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock valued at $1,047,234,000 after acquiring an additional 193,854 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock valued at $349,368,000 after acquiring an additional 440,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock valued at $267,561,000 after acquiring an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Weyerhaeuser by 2.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust’s stock valued at $264,171,000 after acquiring an additional 213,062 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Weyerhaeuser Trading Down 2.0%

Shares of WY opened at $23.95 on Friday. Weyerhaeuser Company has a 1-year low of $23.92 and a 1-year high of $33.56. The company has a 50-day moving average of $25.30 and a 200 day moving average of $25.87. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 152.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Wall Street Analyst Weigh In

WY has been the subject of several research analyst reports. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday. CIBC dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.88.

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.