Weyerhaeuser Company $WY Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Weyerhaeuser Company (NYSE:WY) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,306,310 shares of the real estate investment trust’s stock after buying an additional 84,201 shares during the period. Hsbc Holdings PLC’s holdings in Weyerhaeuser were worth $30,960,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $39,000. Addison Advisors LLC boosted its holdings in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares during the period. Bayban purchased a new position in Weyerhaeuser in the 4th quarter worth approximately $41,000. Optiver Holding B.V. acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $42,000. Finally, Costello Asset Management INC grew its position in Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 976 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WY shares. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Citigroup lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $25.33 on Thursday. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 1.39 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $24.22 and its two-hundred day moving average is $24.55. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.