Cwm LLC Grows Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Cwm LLC increased its holdings in Weyerhaeuser Company by 74.2% during the second quarter, now owning 27,434 shares worth approximately $705,000.
• Several institutional investors made significant transactions with Weyerhaeuser, including Nuveen LLC acquiring a new stake valued at $107.33 million in the first quarter.
• Weyerhaeuser Company reported $1.88 billion in revenue for the last quarter and declared a quarterly dividend of $0.21 per share, reflecting a yield of 3.5%.

Cwm LLC lifted its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 74.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,434 shares of the real estate investment trust's stock after buying an additional 11,681 shares during the quarter. Cwm LLC's holdings in Weyerhaeuser were worth $705,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth $107,330,000. Millennium Management LLC lifted its stake in Weyerhaeuser by 2,952.7% in the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock worth $91,657,000 after purchasing an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Weyerhaeuser by 63.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock worth $212,733,000 after purchasing an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP purchased a new stake in Weyerhaeuser in the 1st quarter worth $55,429,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Weyerhaeuser in the 1st quarter worth $53,061,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on WY shares. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Finally, DA Davidson restated a "buy" rating and issued a $35.00 target price on shares of Weyerhaeuser in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and an average price target of $32.63.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $23.81 on Friday. The company's 50-day moving average price is $24.93 and its 200-day moving average price is $25.60. Weyerhaeuser Company has a twelve month low of $23.23 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 company has a market cap of $17.18 billion, a PE ratio of 62.66, a price-to-earnings-growth ratio of 248.35 and a beta of 1.05.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.21 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

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

About Weyerhaeuser

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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