2,335 Shares in Weyerhaeuser Company $WY Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in Weyerhaeuser Company (NYSE:WY) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,335 shares of the real estate investment trust’s stock, valued at approximately $60,000.

Several other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its holdings in shares of Weyerhaeuser by 2.9% in the second quarter. Asset Management One Co. Ltd. now owns 324,353 shares of the real estate investment trust’s stock worth $8,333,000 after acquiring an additional 9,018 shares during the period. 180 Wealth Advisors LLC grew its holdings in shares of Weyerhaeuser by 14.4% in the second quarter. 180 Wealth Advisors LLC now owns 27,752 shares of the real estate investment trust’s stock worth $713,000 after acquiring an additional 3,488 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Weyerhaeuser by 37.5% in the second quarter. Bleakley Financial Group LLC now owns 55,037 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 15,008 shares during the period. Ethic Inc. grew its holdings in shares of Weyerhaeuser by 7.8% in the second quarter. Ethic Inc. now owns 27,618 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 2,009 shares during the period. Finally, Blume Capital Management Inc. grew its holdings in shares of Weyerhaeuser by 5.2% in the second quarter. Blume Capital Management Inc. now owns 136,846 shares of the real estate investment trust’s stock worth $3,516,000 after acquiring an additional 6,745 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Friday. Finally, DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.63.

Weyerhaeuser Price Performance

NYSE WY opened at $23.89 on Friday. The company has a market capitalization of $17.23 billion, a PE ratio of 62.86, a price-to-earnings-growth ratio of 251.30 and a beta of 1.05. 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 business’s fifty day moving average is $24.90 and its 200 day moving average is $25.60. Weyerhaeuser Company has a fifty-two week low of $23.23 and a fifty-two week high of $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data 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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current 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 3.5%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s payout ratio 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.