Allianz Asset Management GmbH Grows Position in Weyerhaeuser Company $WY

Key Points

• Allianz Asset Management increased its Weyerhaeuser stake by 21% in the second quarter, adding 540,614 shares to own 3.12 million shares valued at approximately $74.7 million. Institutional investors collectively hold 82.99% of the company.
• Weyerhaeuser reported quarterly earnings of $0.13 per share, exceeding the $0.08 analyst estimate, while revenue reached $1.87 billion but declined 8.3% year over year.
• The company declared a quarterly dividend of $0.21, equivalent to an annualized yield of 3.6%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $28.67, above the stock’s $23.04 opening price.

Allianz Asset Management GmbH raised its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 21.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,119,317 shares of the real estate investment trust's stock after acquiring an additional 540,614 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.43% of Weyerhaeuser worth $74,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Financial LLC increased its stake in Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust's stock valued at $771,000 after purchasing an additional 428 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Weyerhaeuser by 21.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust's stock worth $57,000 after buying an additional 428 shares during the last quarter. BOKF NA grew its holdings in Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock valued at $260,000 after purchasing an additional 463 shares during the period. EverSource Wealth Advisors LLC increased its stake in Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 472 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its position in Weyerhaeuser by 1.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust's stock worth $787,000 after purchasing an additional 500 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.1%

NYSE:WY opened at $23.04 on Tuesday. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The business's 50-day simple moving average is $24.08 and its 200 day simple moving average is $24.20.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $0.12 EPS. Weyerhaeuser's quarterly revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser's payout ratio is presently 129.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial raised shares of Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. DA Davidson reiterated a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, June 30th. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, September 3rd. Finally, Citigroup reduced their price target on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average price target of $28.67.

About Weyerhaeuser

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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