T. Rowe Price Associates, Inc. recently announced the acquisition of new stake in Weyerhaeuser Co. (NYSE:WY). The institutional investor has increased its shareholding in the Real Estate company by 4.30% to 46.46 million shares with purchase of 1.92 million shares. This fresh investment now brings its stake to 6.37% valued currently at $1.46 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.38 million to 41.13 million shares. And Wellington Management Co. LLP has lifted its position by 22.72% or 3.57 million shares – to 19.3 million shares.
Currently, there are 732.79M common shares owned by the public and among those 727.49M shares have been available to trade.
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Insiders at the company have transacted a total of 69 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 450,454 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 287,327 shares.
The top 3 mutual fund holders in Weyerhaeuser Co. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund. Vanguard Real Estate Index Fund owns 30.18 million shares of the company’s stock, all valued at over $946.13 million. The company sold -0.22 million shares recently to bring their total holdings to about 4.13% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.12 million shares to see its total holdings expand to 22.85 million shares valued at over $716.34 million and representing 3.13% of the shares outstanding. Vanguard 500 Index Fund bought 84640.0 shares to bring its total holdings to over 17.65 million shares at a value of $553.21 million. Vanguard 500 Index Fund now owns shares totaling to 2.42% of the shares outstanding.
However, the script later moved the day high at 34.50, up 2.68%. The company’s stock has a 5-day price change of 12.36% and 8.50% over the past three months. WY shares are trading 14.13% year to date (YTD), with the 12-month market performance up to 13.04% higher. It has a 12-month low price of $27.65 and touched a high of $35.08 over the same period. WY has an average intraday trading volume of 3.89 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 8.28%, 12.22%, and 10.84% respectively.
Institutional ownership of Weyerhaeuser Co. (NYSE: WY) shares accounts for 85.10% of the company’s 732.79M shares outstanding. Mutual fund holders own 27.74%, while other institutional holders and individual stakeholders account for 57.58% and 1.71% respectively.
It has a market capitalization of $25.15B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 39.99, while the earnings-per-share (ttm) stands at $0.86. The company has a PEG of 8.00 and the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.10% over the week and 1.92% over the month.
Analysts forecast that Weyerhaeuser Co. (WY) will achieve an EPS of $0.2 for the current quarter, $0.31 for the next quarter and $1.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.42. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -66.30%, and 9.95% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 26.89% over the past 5-year period.
