Delta Asset Management LLC TN raised its position in Weyerhaeuser (NYSE:WY – Free Report) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,632 shares of the real estate investment trust’s stock after purchasing an additional 1,800 shares during the period. Delta Asset Management LLC TN’s holdings in Weyerhaeuser were worth $557,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of WY. Putnam Investments LLC grew its stake in Weyerhaeuser by 49.6% in the 1st quarter. Putnam Investments LLC now owns 356,313 shares of the real estate investment trust’s stock worth $10,736,000 after acquiring an additional 118,152 shares during the period. Global Retirement Partners LLC increased its stake in Weyerhaeuser by 93.9% in the second quarter. Global Retirement Partners LLC now owns 4,020 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,947 shares during the last quarter. Versor Investments LP purchased a new position in Weyerhaeuser during the first quarter worth about $669,000. Robeco Institutional Asset Management B.V. boosted its stake in Weyerhaeuser by 1.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,430,774 shares of the real estate investment trust’s stock worth $43,109,000 after buying an additional 13,540 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Weyerhaeuser by 5.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 250,781 shares of the real estate investment trust’s stock worth $7,553,000 after acquiring an additional 11,908 shares during the period. 79.54% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Weyerhaeuser in a report on Monday, July 31st. Truist Financial lifted their target price on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, July 31st. TheStreet downgraded Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Finally, StockNews.com started coverage on Weyerhaeuser in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.29.
Insider Transactions at Weyerhaeuser
In related news, SVP Denise M. Merle sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.29, for a total value of $242,175.00. Following the completion of the sale, the senior vice president now directly owns 147,601 shares of the company’s stock, valued at $4,766,036.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO David M. Wold sold 923 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $30.63, for a total transaction of $28,271.49. Following the completion of the transaction, the chief financial officer now directly owns 60,436 shares of the company’s stock, valued at $1,851,154.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Denise M. Merle sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.29, for a total value of $242,175.00. Following the completion of the sale, the senior vice president now owns 147,601 shares in the company, valued at $4,766,036.29. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
Weyerhaeuser Stock Up 0.4 %
Shares of Weyerhaeuser stock traded up $0.14 on Monday, hitting $32.06. 537,015 shares of the company’s stock traded hands, compared to its average volume of 3,883,890. Weyerhaeuser has a 52-week low of $27.65 and a 52-week high of $36.00. The company has a quick ratio of 1.48, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. The stock has a market cap of $23.40 billion, a P/E ratio of 36.80 and a beta of 1.49. The firm’s 50-day moving average is $30.45 and its 200 day moving average is $31.31.
Weyerhaeuser Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.37%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 87.36%.
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.
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