Weyerhaeuser Company $WY Shares Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its holdings in Weyerhaeuser Company by 73.9% during the second quarter, owning 77,540 shares worth approximately $1.99 million after purchasing an additional 32,955 shares.
• Weyerhaeuser's dividend yield is reported at 3.5% with a quarterly payout of $0.21 per share, while the company's dividend payout ratio stands at 221.05%.
• Weyerhaeuser has received mixed ratings from analysts, with one Strong Buy, seven Buy, one Hold, and one Sell rating, reflecting a consensus rating of Moderate Buy and an average price target of $32.88.

Exchange Traded Concepts LLC grew its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 73.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,540 shares of the real estate investment trust's stock after acquiring an additional 32,955 shares during the period. Exchange Traded Concepts LLC's holdings in Weyerhaeuser were worth $1,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth $27,000. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Weyerhaeuser during the 1st quarter worth approximately $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser during the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Weyerhaeuser in the first quarter worth $36,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 0.8%

NYSE:WY traded up $0.19 during trading hours on Monday, hitting $24.29. The company had a trading volume of 5,380,973 shares, compared to its average volume of 4,195,707. The company has a 50-day moving average of $25.61 and a 200 day moving average of $26.37. Weyerhaeuser Company has a 1 year low of $23.98 and a 1 year high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market cap of $17.52 billion, a P/E ratio of 63.91, a P/E/G ratio of 84.50 and a beta of 1.07.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating 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 firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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

Analyst Upgrades and Downgrades

WY has been the topic of several research reports. DA Davidson cut their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. CIBC dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Thursday, September 11th. Finally, Truist Financial decreased their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average price target of $32.88.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's 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 completion of the purchase, the director owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

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.