The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. “The time was right to build on our growth momentum and help residents in the Southeast save on their grocery bills,” Aldi CEO Jason Hart said in a news release. SoftBank Group Corp, a Japanese investment group, is talking to C&S Wholesale about helping finance a small portion of the deal, Reuters reported. The deal would give C&S Wholesale, which supplies more than 7,500 supermarkets across the country, a much bigger footprint in the grocery store business.

Shareholders of record on Friday, September 1st will be given a dividend of $0.19 per share on Friday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 2.32%. Weyerhaeuser’s stock was trading at $31.00 on January 1st, 2023. Since then, WY stock has increased by 5.5% and is now trading at $32.70. Which stocks are likely to thrive in today’s challenging market?

NASDAQ: GRIN

Kroger and Albertsons outlined the potential sale of 100 to 375 stores when they first announced their proposal in 2022. They have since disclosed they would cap divested stores at 650 locations. The divestiture, which was first reported to be in the works on Tuesday by Bloomberg, is part of a move to mollify antitrust regulators at the Federal Trade Commission. This story has been updated to reflect the announcement of the sale.

• The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
• SoftBank Group Corp, a Japanese investment group, is talking to C&S Wholesale about helping finance a small portion of the deal, Reuters reported.
• They have since disclosed they would cap divested stores at 650 locations.
• View analysts price targets for WY or view top-rated stocks among Wall Street analysts.

Weyerhaeuser saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 7,420,000 shares, a decrease of 22.1% from the August 15th total of 9,520,000 shares. Based on an average daily trading volume, of 3,600,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.0% of the shares of the stock are short sold.

About Weyerhaeuser (NYSE:WY) Stock

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Sign-up to receive the latest news and ratings for Weyerhaeuser and its competitors with MarketBeat’s meaning of capital FREE daily newsletter. Lumber prices are back down to normal levels, which means lower earnings. These timberland REITs can give you the returns without the headache of self-management.

One share of WY stock can currently be purchased for approximately $32.70. 24 employees have rated Weyerhaeuser Chief Executive Officer Devin Stockfish on Glassdoor.com. Devin Stockfish has an approval rating of 79% among the company’s employees.

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WY Overview

It operates through the portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

The deal is subject to Kroger and Albertsons closing their merger. The companies added the deal may require C&S Wholesale to purchase an additional 237 stores from Kroger and Albertsons, in conjunction with securing regulatory approval. Weyerhaeuser’s stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.45%), State Street Corp (4.11%), JPMorgan Chase & Co. (2.87%), Geode Capital Management LLC (2.41%), Bank Julius Baer & Co. Insiders that own company stock include Adrian M Blocker, Albert Monaco, Denise M Merle, Devin W Stockfish, Keith O’rear, Nancy S Loewe, Nicole Weyerhaeuser Piasecki and Russell S Hagen. Weyerhaeuser announced a quarterly dividend on Thursday, August 10th.

Weyerhaeuser Co. stock rises Thursday, outperforms market

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.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 7 analysts have issued 1 year target prices for Weyerhaeuser’s stock.

Their WY share price forecasts range from $36.00 to $42.00. On average, they expect the company’s share price to reach $38.29 in the next twelve months. This suggests a possible upside of 17.1% from the stock’s current price.

The private company currently operates a few dozen supermarkets, including 11 Grand Union stores in New York and Vermont as well and an unspecified number of Piggly Wiggly stores in Wisconsin and the Southeast. Kroger and Albertsons supermarkets will sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion as part of their proposed $25 billion merger, the companies announced on Friday. Yellow Corp. operates as a holding company, which, through its subsidiaries, engages in the provision of transportation services.

Kroger, Albertsons sell more than 400 stores for nearly $2 billion. Here’s where

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give https://1investing.in/ investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

We are also one of the largest manufacturers of wood products in North America. In 2022, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY.

View analysts price targets for WY or view top-rated stocks among Wall Street analysts. 7 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Weyerhaeuser in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” WY shares.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Nasdaq 100 closed higher by over 100 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The technique has proven to be very useful for finding positive surprises. The potential deal comes after Aldi announced last month it was buying about 400 Winn-Dixie and Harveys Supermarket stores across the Southeast in an agreement with parent company Southeastern Grocers. The closing price is not indicative of future price performance. Historical Stock Prices are provided for informational purposes only and are not intended for trading purposes.

Regulators have declined to comment as they decide whether to block it. Kroger executives have vowed to fight for the deal in court. The two companies have vowed not to close stores or layoff workers, but the unions and other critics are skeptical. The proposed Kroger-Albertsons merger would be one of the largest retail takeovers in history. The deal would give Kroger almost 5,000 stores and more than 700,000 workers before an undetermined number of store divestitures. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Kroger would not specify which locations will change hands citing that the merger is still in the regulatory process, according to a company spokesperson. Consumer and union groups have opposed the deal, claiming it would hurt competition and ultimately raise prices and harm workers.

78.0% of employees surveyed would recommend working at Weyerhaeuser to a friend. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1′s and #2′s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4′s and #5′s.