KBC Group NV Grows Stock Position in Weyerhaeuser (NYSE:WY)

KBC Group NV raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 315.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,588 shares of the real estate investment trust’s stock after acquiring an additional 248,035 shares during the quarter. KBC Group NV’s holdings in Weyerhaeuser were worth $11,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wedmont Private Capital lifted its position in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 350 shares in the last quarter. Institute for Wealth Management LLC. lifted its holdings in Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC boosted its stake in shares of Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the last quarter. Trust Co. of Toledo NA OH grew its holdings in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after buying an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its position in shares of Weyerhaeuser by 6.6% in the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Weyerhaeuser Stock Performance

NYSE WY opened at $30.93 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market capitalization of $22.47 billion, a P/E ratio of 41.80 and a beta of 1.40. The business’s 50-day simple moving average is $32.31 and its 200-day simple moving average is $30.78.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WY. Royal Bank of Canada raised their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Citigroup cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $36.33.

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.