Bank of New York Mellon Corp Has $348.11 Million Holdings in Weyerhaeuser Company $WY

Bank of New York Mellon Corp grew its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 86.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,550,466 shares of the real estate investment trust’s stock after acquiring an additional 6,284,982 shares during the period. Bank of New York Mellon Corp owned 1.88% of Weyerhaeuser worth $348,111,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser during the first quarter valued at about $29,000. Hantz Financial Services Inc. increased its position in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares in the last quarter. Costello Asset Management INC acquired a new position in Weyerhaeuser during the 1st quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in Weyerhaeuser in the first quarter worth approximately $36,000. Finally, Private Wealth Asset Management LLC boosted its holdings in Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 807 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.4%

WY stock opened at $22.60 on Wednesday. The stock has a fifty day moving average of $24.48 and a 200-day moving average of $25.46. Weyerhaeuser Company has a fifty-two week low of $22.28 and a fifty-two week high of $32.70. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 244.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Analyst Ratings Changes

WY has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Citigroup dropped their price target on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.

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.