Markel Group Inc. Grows Stake in Weyerhaeuser Company $WY

Markel Group Inc. increased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 585.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,000 shares of the real estate investment trust's stock after purchasing an additional 102,500 shares during the period. Markel Group Inc.'s holdings in Weyerhaeuser were worth $2,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WY. Essential Partners LLC boosted its holdings in Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,208 shares during the last quarter. Nvwm LLC increased its stake in Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock worth $30,000 after buying an additional 800 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 617 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 757 shares during the last quarter. Finally, Bayban acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $41,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 1.1%

WY opened at $24.55 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company's 50 day simple moving average is $24.35 and its two-hundred day simple moving average is $24.53. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is presently 129.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WY shares. Citigroup decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research note on Friday, July 17th. Raymond James Financial upgraded Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price objective on the stock in a report on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.00.

Weyerhaeuser Company Profile

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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