Hsbc Holdings PLC Increases Stock Position in Weyerhaeuser Company $WY

Hsbc Holdings PLC increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330,121 shares of the real estate investment trust’s stock after acquiring an additional 23,811 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Weyerhaeuser worth $32,475,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its stake in shares of Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after purchasing an additional 47,709 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $7,870,000. Baugh & Associates LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $4,562,000. Bfsg LLC boosted its stake in Weyerhaeuser by 44.0% in the 4th quarter. Bfsg LLC now owns 274,190 shares of the real estate investment trust’s stock worth $6,496,000 after purchasing an additional 83,806 shares during the period. Finally, Blume Capital Management Inc. boosted its position in shares of Weyerhaeuser by 35.8% during the fourth quarter. Blume Capital Management Inc. now owns 186,973 shares of the real estate investment trust’s stock worth $4,429,000 after acquiring an additional 49,275 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a report on Friday. Citigroup reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Stock Down 2.1%

Weyerhaeuser stock opened at $23.98 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 1.38 and a beta of 0.89. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The business has a fifty day moving average price of $24.01 and a 200-day moving average price of $24.63.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is 155.56%.

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.