Bayforest Capital Ltd Increases Holdings in Weyerhaeuser Company $WY

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Weyerhaeuser Company by 14,643.4% during the second quarter, now owning 12,237 shares valued at $314,000.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, yielding 3.5%, despite a high dividend payout ratio of 221.05%.
• The company reported earnings of $0.12 per share for the last quarter, exceeding analysts' expectations but indicating a 2.8% year-over-year revenue decline.

Bayforest Capital Ltd boosted its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 14,643.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,237 shares of the real estate investment trust's stock after buying an additional 12,154 shares during the period. Bayforest Capital Ltd's holdings in Weyerhaeuser were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Naviter Wealth LLC boosted its position in Weyerhaeuser by 8.2% in the second quarter. Naviter Wealth LLC now owns 45,887 shares of the real estate investment trust's stock valued at $1,179,000 after buying an additional 3,472 shares during the last quarter. Cascade Investment Advisors Inc. boosted its position in Weyerhaeuser by 17.4% in the second quarter. Cascade Investment Advisors Inc. now owns 29,715 shares of the real estate investment trust's stock valued at $763,000 after buying an additional 4,395 shares during the last quarter. MGO One Seven LLC purchased a new stake in Weyerhaeuser in the second quarter valued at approximately $232,000. Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 12.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,177,653 shares of the real estate investment trust's stock valued at $267,062,000 after buying an additional 1,112,088 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Weyerhaeuser by 1,218.9% in the second quarter. LRI Investments LLC now owns 3,218 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 2,974 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Down 0.6%

Shares of NYSE:WY opened at $23.75 on Thursday. Weyerhaeuser Company has a 12-month low of $23.54 and a 12-month high of $33.56. The company has a market capitalization of $17.14 billion, a PE ratio of 62.50, a PEG ratio of 231.29 and a beta of 1.05. The business has a 50 day moving average of $25.20 and a two-hundred day moving average of $25.78. 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 (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Truist Financial dropped their target price on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday. CIBC dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. DA Davidson reissued a "buy" rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. Finally, Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.63.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.

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.

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