Asset Management One Co. Ltd. Purchases 9,018 Shares of Weyerhaeuser Company $WY

Asset Management One Co. Ltd. raised its position in Weyerhaeuser Company (NYSE:WY) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,353 shares of the real estate investment trust’s stock after buying an additional 9,018 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Weyerhaeuser were worth $8,333,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its stake in shares of Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 1,480 shares during the period. OFI Invest Asset Management purchased a new position in shares of Weyerhaeuser in the second quarter valued at $1,370,000. HB Wealth Management LLC grew its position in shares of Weyerhaeuser by 3.3% in the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 663 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Weyerhaeuser by 85.7% in the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 17,132 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of Weyerhaeuser by 3,048.9% in the second quarter. Grove Bank & Trust now owns 20,342 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 19,696 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WY. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. Citigroup reduced their price target on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday. CIBC reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Finally, Truist Financial reduced their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 0.5%

Shares of WY stock opened at $24.01 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $24.86 and a two-hundred day moving average price of $25.58. Weyerhaeuser Company has a 12-month low of $23.23 and a 12-month high of $32.70. The firm has a market cap of $17.32 billion, a P/E ratio of 63.18, a price-to-earnings-growth ratio of 251.30 and a beta of 1.05.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

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.