New York Life Investment Management LLC Grows Stake in Weyerhaeuser Company $WY

New York Life Investment Management LLC grew its stake in Weyerhaeuser Company (NYSE:WY) by 1.2% during the second quarter, HoldingsChannel reports. The fund owned 108,763 shares of the real estate investment trust’s stock after acquiring an additional 1,297 shares during the quarter. New York Life Investment Management LLC’s holdings in Weyerhaeuser were worth $2,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. Brighton Jones LLC boosted its position in Weyerhaeuser by 4.2% during the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 409 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Weyerhaeuser by 1.5% during the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 445 shares in the last quarter. Unison Advisors LLC boosted its position in Weyerhaeuser by 0.7% during the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock valued at $2,029,000 after purchasing an additional 455 shares in the last quarter. SPC Financial Inc. boosted its position in Weyerhaeuser by 3.5% during the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 500 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Weyerhaeuser by 11.1% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 500 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was purchased 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 directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WY shares. Citigroup dropped their price objective on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial dropped their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. DA Davidson restated a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. One 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 company. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $32.25.

Weyerhaeuser Stock Up 1.2%

Shares of WY stock opened at $23.47 on Friday. Weyerhaeuser Company has a 1-year low of $22.97 and a 1-year high of $32.70. The stock’s fifty day moving average price is $24.71 and its 200 day moving average price is $25.53. 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 company has a market cap of $16.93 billion, a price-to-earnings ratio of 61.76, a price-to-earnings-growth ratio of 244.04 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. On average, research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

About Weyerhaeuser

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.