Union Bancaire Privee UBP SA Buys New Position in Weyerhaeuser (NYSE:WY)

Union Bancaire Privee UBP SA bought a new stake in shares of Weyerhaeuser (NYSE:WY) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 101,037 shares of the real estate investment trust’s stock, valued at approximately $2,828,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Creative Planning raised its stake in Weyerhaeuser by 22.4% during the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after buying an additional 13,572 shares during the period. Signaturefd LLC raised its stake in Weyerhaeuser by 22.9% during the 3rd quarter. Signaturefd LLC now owns 4,874 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 908 shares during the period. International Assets Investment Management LLC raised its stake in Weyerhaeuser by 6,118.3% during the 3rd quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock worth $6,641,000 after buying an additional 192,971 shares during the period. Assenagon Asset Management S.A. raised its stake in Weyerhaeuser by 2.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 96,094 shares of the real estate investment trust’s stock worth $3,254,000 after buying an additional 2,343 shares during the period. Finally, Dakota Wealth Management raised its stake in shares of Weyerhaeuser by 4.3% in the third quarter. Dakota Wealth Management now owns 14,881 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $29.69 on Monday. The firm has a market capitalization of $21.54 billion, a P/E ratio of 53.97, a PEG ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business has a fifty day moving average price of $29.26 and a 200-day moving average price of $30.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 145.46%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Finally, Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.