Allianz Asset Management GmbH Has $37.91 Million Holdings in Weyerhaeuser Company $WY

Key Points

• Allianz Asset Management GmbH has increased its stake in Weyerhaeuser Company by 20.2%, owning 1,475,651 shares valued at approximately $37.91 million.
• Weyerhaeuser recently reported earnings with an EPS of $0.12, exceeding estimates of $0.10, alongside a net margin of 3.97%.
• The company announced a quarterly dividend of $0.21 per share, maintaining a high dividend payout ratio of 221.05%.

Allianz Asset Management GmbH increased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 20.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,475,651 shares of the real estate investment trust's stock after acquiring an additional 247,496 shares during the period. Allianz Asset Management GmbH owned 0.20% of Weyerhaeuser worth $37,909,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser during the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter valued at about $31,000. Costello Asset Management INC acquired a new position in shares of Weyerhaeuser during the 1st quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter valued at about $36,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Weyerhaeuser during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company's stock, valued at $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 accessible through this link. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY stock opened at $23.60 on Friday. The stock has a 50 day moving average of $25.12 and a two-hundred day moving average of $25.67. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 12 month low of $23.43 and a 12 month high of $33.11. The company has a market capitalization of $17.02 billion, a P/E ratio of 62.09, a P/E/G ratio of 248.14 and a beta of 1.05.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.21 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial lowered their price objective on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. DA Davidson restated a "buy" rating and set a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Finally, CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $32.63.

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.

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