Sarasin & Partners LLP Has $8.53 Million Holdings in Weyerhaeuser Company $WY

Sarasin & Partners LLP decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,865 shares of the real estate investment trust’s stock after selling 85,954 shares during the quarter. Sarasin & Partners LLP’s holdings in Weyerhaeuser were worth $8,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after acquiring an additional 346,571 shares during the period. Empowered Funds LLC lifted its stake in shares of Weyerhaeuser by 3.4% in the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after purchasing an additional 1,498 shares during the period. Intech Investment Management LLC lifted its stake in shares of Weyerhaeuser by 5.9% in the 1st quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after purchasing an additional 3,124 shares during the period. Cetera Investment Advisers boosted its position in shares of Weyerhaeuser by 24.5% in the 2nd quarter. Cetera Investment Advisers now owns 85,961 shares of the real estate investment trust’s stock worth $2,208,000 after purchasing an additional 16,932 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Weyerhaeuser by 22.5% during the second quarter. Rockefeller Capital Management L.P. now owns 124,335 shares of the real estate investment trust’s stock worth $3,194,000 after purchasing an additional 22,823 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WY. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. New Street Research set a $28.00 target price on Weyerhaeuser in a report on Friday, December 12th. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, Citigroup increased their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average target price of $28.88.

Insider Activity at Weyerhaeuser

In related news, Director Richard Beckwitt purchased 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The stock was bought at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Price Performance

WY opened at $22.49 on Friday. The stock has a market cap of $16.21 billion, a P/E ratio of 51.11 and a beta of 1.03. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $30.06. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $24.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were given a $0.21 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Weyerhaeuser’s payout ratio is currently 190.91%.

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.