Zurcher Kantonalbank Zurich Cantonalbank Sells 633 Shares of Weyerhaeuser (NYSE:WY)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Weyerhaeuser (NYSE:WY) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 137,535 shares of the real estate investment trust’s stock after selling 633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weyerhaeuser were worth $4,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC purchased a new stake in Weyerhaeuser in the 3rd quarter worth approximately $297,000. BNP Paribas Financial Markets grew its position in Weyerhaeuser by 27.2% during the third quarter. BNP Paribas Financial Markets now owns 1,467,914 shares of the real estate investment trust’s stock worth $49,704,000 after buying an additional 313,583 shares in the last quarter. Brooklyn Investment Group bought a new position in Weyerhaeuser in the 3rd quarter worth about $109,000. Bank of Montreal Can raised its holdings in shares of Weyerhaeuser by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 970,717 shares of the real estate investment trust’s stock valued at $32,762,000 after acquiring an additional 220,142 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Weyerhaeuser by 2,664.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after acquiring an additional 2,116,520 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the topic of several research analyst reports. Truist Financial upped their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Trading Down 0.9 %

Shares of WY opened at $31.99 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $32.15 and a two-hundred day simple moving average of $30.83. The stock has a market capitalization of $23.24 billion, a P/E ratio of 43.22 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.50%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

About Weyerhaeuser

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.