MBB Public Markets I LLC Buys New Holdings in Weyerhaeuser Company $WY

Key Points

• MBB Public Markets I LLC has acquired a new stake in Weyerhaeuser Company, purchasing 10,587 shares valued at approximately $310,000 during the first quarter.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, with a dividend yield of 3.3%, scheduled for payment on September 12th.
• Weyerhaeuser's stock performance shows a market capitalization of $18.11 billion and a recent earnings report indicating a quarterly EPS of $0.12, exceeding analyst expectations.

MBB Public Markets I LLC bought a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,587 shares of the real estate investment trust's stock, valued at approximately $310,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock valued at $3,331,356,000 after purchasing an additional 339,884 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Weyerhaeuser by 0.5% in the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock valued at $1,047,234,000 after purchasing an additional 193,854 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Weyerhaeuser by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock valued at $349,368,000 after purchasing an additional 440,163 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Weyerhaeuser by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock valued at $267,561,000 after purchasing an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Weyerhaeuser by 2.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock valued at $264,171,000 after purchasing an additional 213,062 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY stock opened at $25.10 on Thursday. The stock's fifty day moving average is $25.80 and its 200-day moving average is $26.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market capitalization of $18.11 billion, a PE ratio of 66.04, a PEG ratio of 79.92 and a beta of 1.07. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Analysts Set New Price Targets

WY has been the topic of a number of analyst reports. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial lowered their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Finally, DA Davidson lowered their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

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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