Allianz Asset Management GmbH Has $35.96 Million Stock Position in Weyerhaeuser Company (NYSE:WY)

Allianz Asset Management GmbH raised its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,228,155 shares of the real estate investment trust's stock after buying an additional 17,342 shares during the quarter. Allianz Asset Management GmbH owned 0.17% of Weyerhaeuser worth $35,960,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $256,000. American Century Companies Inc. lifted its holdings in Weyerhaeuser by 31.2% during the 4th quarter. American Century Companies Inc. now owns 342,740 shares of the real estate investment trust's stock worth $9,648,000 after purchasing an additional 81,484 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in Weyerhaeuser by 2.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 55,426 shares of the real estate investment trust's stock valued at $1,560,000 after purchasing an additional 1,253 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Weyerhaeuser by 4.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 431 shares during the last quarter. Finally, Financial Counselors Inc. grew its position in shares of Weyerhaeuser by 1.9% in the 4th quarter. Financial Counselors Inc. now owns 30,493 shares of the real estate investment trust's stock worth $858,000 after buying an additional 575 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on WY. Truist Financial dropped their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Citigroup reduced their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Finally, Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.00.

Weyerhaeuser Stock Down 1.1%

Shares of NYSE WY traded down $0.28 on Thursday, hitting $25.68. The company had a trading volume of 7,156,275 shares, compared to its average volume of 4,851,172. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The business has a 50 day moving average of $26.13 and a two-hundred day moving average of $27.63. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $18.63 billion, a P/E ratio of 51.37, a PEG ratio of 50.05 and a beta of 1.14.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. Weyerhaeuser's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.