Weyerhaeuser (NYSE:WY) Stock Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Weyerhaeuser (NYSE:WY) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,184,181 shares of the real estate investment trust’s stock after selling 834,031 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.95% of Weyerhaeuser worth $480,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WY. Inspire Trust Co. N.A. boosted its stake in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after acquiring an additional 75,000 shares during the period. Franklin Resources Inc. boosted its position in Weyerhaeuser by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the period. Duff & Phelps Investment Management Co. grew its stake in Weyerhaeuser by 9.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock worth $10,383,000 after buying an additional 25,554 shares during the last quarter. Public Sector Pension Investment Board increased its position in Weyerhaeuser by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after buying an additional 14,911 shares during the period. Finally, Quest Partners LLC boosted its holdings in shares of Weyerhaeuser by 146.4% during the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock valued at $3,272,000 after acquiring an additional 57,412 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of analyst reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.71.

Weyerhaeuser Stock Performance

WY opened at $27.99 on Friday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 37.82 and a beta of 1.40. The business has a 50 day moving average price of $30.78 and a two-hundred day moving average price of $30.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Research analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. Weyerhaeuser’s payout ratio is currently 108.11%.

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.