The Vanguard Group, Inc. recently announced the acquisition of new stake in Weyerhaeuser Company (NYSE:WY). The institutional investor has increased its shareholding in the Real Estate company by 8.84% to 116.04 million shares with purchase of 9.42 million shares. This fresh investment now brings its stake to 15.55% valued currently at $3.23 billion. In addition, T. Rowe Price Associates, Inc. (I.. raised its holdings by 18.31 million to 63.3 million shares. And Invesco Advisers, Inc. has lifted its position by 13.84% or 2.77 million shares – to 22.76 million shares.
With over 4.86 million Weyerhaeuser Company (WY) shares trading Tuesday and a closing price of $29.15 on the day, the dollar volume was approximately $141.79 million. The shares have shown a positive weekly performance of 0.93% and its price on 08/25/20 lost nearly -0.21%. Currently, there are 746.90M common shares owned by the public and among those 744.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for WY have a consensus price objective of $31.33. The analysts have set the share’s price value over the next 12 months at a high of $34.00 and a low of $29.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Weyerhaeuser Company stock is 2.10 for the next 12 months. The average price target is 6.96% above its last price level and an upside to the estimated low will see the stock lose -0.52% over that period. But an upside of 14.26% will see the stock hit the forecast high price target while mean target price for the stock is $32.00.
Insiders at the company have transacted a total of 71 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 355,666 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 81,107 shares.
The top 3 mutual fund holders in Weyerhaeuser Company are Vanguard Real Estate Index Fund, First Eagle Global Fund, and Vanguard Total Stock Market Index. Vanguard Real Estate Index Fund owns 33.24 million shares of the company’s stock, all valued at over $924.29 million. The company sold -0.2 million shares recently to bring their total holdings to about 4.45% of the shares outstanding. First Eagle Global Fund sold -2.25 million shares to see its total holdings shrink to 25.02 million shares valued at over $695.83 million and representing 3.35% of the shares outstanding. Vanguard Total Stock Market Index sold 76521.0 shares to bring its total holdings to over 21.21 million shares at a value of $589.81 million. Vanguard Total Stock Market Index now owns shares totaling to 2.84% of the shares outstanding.
Shares of Weyerhaeuser Company (NYSE: WY) opened at $29.33, up $0.12 from a prior closing price of $29.21. However, the script later closed the day at $29.15, down -0.21%. The company’s stock has a 5-day price change of 0.93% and 33.41% over the past three months. WY shares are trading -3.48% year to date (YTD), with the 12-month market performance up to 14.54% higher. It has a 12-month low price of $13.10 and touched a high of $31.58 over the same period. Currently, 4.86 million shares have been traded, compared to an average intraday trading volume of 5.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.29%, 14.07%, and 16.39% respectively.
Institutional ownership of Weyerhaeuser Company (NYSE: WY) shares accounts for 80.30% of the company’s 746.90M shares outstanding. Mutual fund holders own 30.41%, while other institutional holders and individual stakeholders account for 49.60% and 1.56% respectively.
It has a market capitalization of $21.89B and a beta (3y monthly) value of 1.98. The stock’s trailing 12-month PE ratio is 70.92, while the earnings-per-share (ttm) stands at $0.41. The company has a PEG of 14.18 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.80% over the week and 2.41% over the month.
Analysts forecast that Weyerhaeuser Company (WY) will achieve an EPS of $0.31 for the current quarter, $0.16 for the next quarter and $0.82 for 2021. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.54. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -110.30%, and 7.32% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -16.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Weyerhaeuser Company (WY) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 4 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WY, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on August 03, 2020, with the firm’s price target at. Raymond James coverage for the Weyerhaeuser Company (WY) stock in a research note released on May 04, 2020 offered a Mkt Perform rating with a price target of. Stephens was of a view on April 05, 2019 that the stock is Overweight, while Seaport Global Securities gave the stock Buy rating on January 23, 2019, issuing a price target of $30. BofA/Merrill on their part issued Neutral rating on January 02, 2019.