Weyerhaeuser (NYSE:WY) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in Weyerhaeuser (NYSE:WY) by 23.3% during the third quarter, Holdings Channel.com reports. The firm owned 3,919,349 shares of the real estate investment trust’s stock after purchasing an additional 740,508 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Weyerhaeuser were worth $132,709,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Swedbank AB purchased a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $106,141,000. Allspring Global Investments Holdings LLC boosted its position in shares of Weyerhaeuser by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after buying an additional 2,004,073 shares during the period. Millennium Management LLC grew its stake in shares of Weyerhaeuser by 512.3% in the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after buying an additional 1,308,125 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Weyerhaeuser by 2,221.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock valued at $39,674,000 after buying an additional 1,191,983 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after acquiring an additional 804,650 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.1 %

NYSE WY opened at $31.24 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a 50 day moving average of $32.28 and a two-hundred day moving average of $30.78. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Citigroup cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. One equities 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 stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser 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.