Union Bancaire Privee UBP SA Sells 38,596 Shares of Weyerhaeuser Company $WY

Union Bancaire Privee UBP SA cut its stake in Weyerhaeuser Company (NYSE:WY) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,569 shares of the real estate investment trust’s stock after selling 38,596 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Weyerhaeuser were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the first quarter valued at $29,000. Hantz Financial Services Inc. increased its holdings in shares of Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares in the last quarter. Private Wealth Asset Management LLC raised its position in shares of Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 807 shares during the last quarter. Operose Advisors LLC bought a new position in Weyerhaeuser in the 2nd quarter worth about $41,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Weyerhaeuser during the 2nd quarter valued at about $49,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.0%

NYSE:WY opened at $23.75 on Thursday. The company has a market cap of $17.12 billion, a PE ratio of 52.77, a price-to-earnings-growth ratio of 121.91 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $22.81 and a two-hundred day simple moving average of $24.71. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. Research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WY shares. DA Davidson dropped their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Citigroup lowered their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research note on Monday. Finally, Bank of America reaffirmed a “neutral” rating and set a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Insider Activity at Weyerhaeuser

In other news, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This represents a 8.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is 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.