M&G PLC Grows Stake in Weyerhaeuser Company $WY

M&G PLC boosted its position in Weyerhaeuser Company (NYSE:WY) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,298,189 shares of the real estate investment trust’s stock after purchasing an additional 271,481 shares during the period. M&G PLC owned about 0.32% of Weyerhaeuser worth $59,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser in the first quarter worth approximately $29,000. Hantz Financial Services Inc. raised its position in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares during the period. Costello Asset Management INC bought a new position in Weyerhaeuser in the first quarter worth approximately $32,000. Marshall Investment Management LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth $36,000. Finally, Private Wealth Asset Management LLC grew its position in shares of Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 807 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.3%

Shares of Weyerhaeuser stock opened at $22.75 on Wednesday. Weyerhaeuser Company has a twelve month low of $22.28 and a twelve month high of $32.70. 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 $24.18 and a 200-day moving average price of $25.38. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Analyst Ratings Changes

WY has been the topic of several analyst reports. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Royal Bank Of Canada decreased their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, Truist Financial decreased their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

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.