Sarasin & Partners LLP Lowers Stock Position in Weyerhaeuser Company $WY

Sarasin & Partners LLP trimmed its position in Weyerhaeuser Company (NYSE:WY) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,819 shares of the real estate investment trust’s stock after selling 64,639 shares during the quarter. Sarasin & Partners LLP’s holdings in Weyerhaeuser were worth $11,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Norges Bank bought a new position in shares of Weyerhaeuser in the second quarter worth approximately $600,502,000. Bank of New York Mellon Corp raised its position in shares of Weyerhaeuser by 86.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock valued at $348,111,000 after purchasing an additional 6,284,982 shares during the period. Millennium Management LLC raised its position in shares of Weyerhaeuser by 2,952.7% during the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after purchasing an additional 3,027,823 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at $53,061,000. Finally, Engineers Gate Manager LP boosted its holdings in Weyerhaeuser by 1,493.1% in the 2nd quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock worth $39,612,000 after buying an additional 1,445,123 shares during the period. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup decreased their price target on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Royal Bank Of Canada cut their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” 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 research report on Wednesday, November 12th. DA Davidson decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $28.33.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.49 on Friday. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 52.19, a PEG ratio of 122.96 and a beta of 1.08. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The stock’s 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $24.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the company earned $0.05 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is 186.67%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,500 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Company 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.