Bank of America Corp DE Reduces Holdings in Weyerhaeuser (NYSE:WY)

Bank of America Corp DE reduced its stake in shares of Weyerhaeuser (NYSE:WYGet Rating) by 4.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,676,296 shares of the real estate investment trust’s stock after selling 292,255 shares during the quarter. Bank of America Corp DE owned approximately 0.76% of Weyerhaeuser worth $215,131,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DeDora Capital Inc. purchased a new stake in shares of Weyerhaeuser during the first quarter valued at $27,000. Rosenberg Matthew Hamilton boosted its stake in shares of Weyerhaeuser by 44.1% during the first quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 251 shares during the period. HHM Wealth Advisors LLC boosted its stake in shares of Weyerhaeuser by 44.9% during the first quarter. HHM Wealth Advisors LLC now owns 917 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 284 shares during the period. Accel Wealth Management raised its holdings in shares of Weyerhaeuser by 60.5% in the first quarter. Accel Wealth Management now owns 963 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 363 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $40,000. 81.09% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $29.82 on Wednesday. The company has a market capitalization of $22.08 billion, a PE ratio of 9.09 and a beta of 1.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.59 and a current ratio of 3.20. The company has a 50-day simple moving average of $34.95 and a two-hundred day simple moving average of $36.93. Weyerhaeuser has a one year low of $29.49 and a one year high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last announced its earnings results on Friday, July 29th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Research analysts expect that Weyerhaeuser will post 3.14 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 2.41%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 21.95%.

Analyst Ratings Changes

Several analysts recently weighed in on WY shares. The Goldman Sachs Group decreased their price objective on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Bank of America downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $34.00 in a report on Tuesday. StockNews.com upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Raymond James decreased their price objective on Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating for the company in a report on Monday, September 12th. Finally, Argus downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Weyerhaeuser Company Profile

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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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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