9,016 Shares in Weyerhaeuser Company $WY Bought by MGO One Seven LLC

MGO One Seven LLC bought a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,016 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Several other institutional investors have also recently added to or reduced their stakes in WY. Nuveen LLC bought a new stake in Weyerhaeuser during the first quarter valued at $107,330,000. Millennium Management LLC boosted its holdings in shares of Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after acquiring an additional 3,027,823 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after acquiring an additional 2,833,288 shares during the period. Clean Energy Transition LLP acquired a new position in shares of Weyerhaeuser during the first quarter valued at $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Weyerhaeuser during the first quarter valued at $53,061,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $23.30 on Tuesday. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 61.30, a P/E/G ratio of 248.14 and a beta of 1.05. Weyerhaeuser Company has a fifty-two week low of $23.23 and a fifty-two week high of $33.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The business’s 50-day moving average is $25.08 and its 200-day moving average is $25.64.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Equities research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WY. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.63.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Company 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.