Banco Bilbao Vizcaya Argentaria S.A. Lowers Holdings in Weyerhaeuser (NYSE:WY)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Weyerhaeuser (NYSE:WY) by 33.0% during the 4th quarter, Holdings Channel reports. The firm owned 17,747 shares of the real estate investment trust’s stock after selling 8,748 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Weyerhaeuser were worth $499,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WY. Assetmark Inc. lifted its position in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc bought a new position in Weyerhaeuser in the fourth quarter worth approximately $36,000. TD Waterhouse Canada Inc. lifted its holdings in Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 807 shares during the period. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the 4th quarter valued at $44,000. Finally, Graney & King LLC purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $44,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial cut their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.75.

Weyerhaeuser Stock Up 3.0 %

WY stock opened at $25.56 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market capitalization of $18.55 billion, a PE ratio of 46.47, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The firm has a 50 day moving average of $28.18 and a 200 day moving average of $29.60.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is presently 152.73%.

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.