Weyerhaeuser Company $WY Stock Purchased by Markel Group Inc.

Markel Group Inc. boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 68.3% during the third quarter, Holdings Channel reports. The institutional investor owned 202,000 shares of the real estate investment trust’s stock after acquiring an additional 82,000 shares during the quarter. Markel Group Inc.’s holdings in Weyerhaeuser were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in Weyerhaeuser in the 2nd quarter valued at $468,969,000. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 14.3% during the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock worth $1,043,164,000 after acquiring an additional 5,437,685 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Weyerhaeuser by 10.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after acquiring an additional 4,885,818 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $101,969,000. Finally, Kopernik Global Investors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $46,529,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 3.4%

Shares of NYSE:WY opened at $20.57 on Wednesday. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.82. The company’s fifty day moving average is $20.73 and its 200-day moving average is $23.64. The company has a market capitalization of $14.82 billion, a PE ratio of 33.18, a P/E/G ratio of 2.60 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. Equities research analysts predict that Weyerhaeuser Company will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 135.48%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Weyerhaeuser from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday. Canadian Imperial Bank of Commerce cut their price target on shares of Weyerhaeuser from $25.00 to $24.00 and set an “outperformer” rating for the company in a research note on Monday. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and cut their price target for the stock from $28.00 to $25.00 in a research note on Wednesday, October 14th. Seaport Research Partners set a $30.00 price objective on Weyerhaeuser in a report on Thursday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $27.00 price target on shares of Weyerhaeuser in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.10.

Weyerhaeuser Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.