Weyerhaeuser Company $WY Stake Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 82.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,592 shares of the real estate investment trust’s stock after purchasing an additional 50,752 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Weyerhaeuser were worth $2,892,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the 1st quarter worth approximately $29,000. Costello Asset Management INC bought a new position in Weyerhaeuser in the 1st quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in Weyerhaeuser in the 1st quarter worth approximately $36,000. Zions Bancorporation National Association UT bought a new position in Weyerhaeuser in the 1st quarter worth approximately $40,000. Finally, Private Wealth Asset Management LLC grew its holdings in Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a report on Monday, September 29th. CIBC decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $23.19 on Thursday. The stock has a fifty day moving average price of $24.75 and a two-hundred day moving average price of $25.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market cap of $16.73 billion, a P/E ratio of 61.04, a PEG ratio of 249.72 and a beta of 1.05. Weyerhaeuser Company has a 1 year low of $23.12 and a 1 year high of $32.70.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

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.