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

Other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $27,000. GKV Capital Management Co. Inc. bought a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $31,000. Costello Asset Management INC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $36,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY traded up $0.23 on Tuesday, reaching $25.05. 1,047,151 shares of the stock traded hands, compared to its average volume of 4,048,838. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of 65.94, a P/E/G ratio of 78.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The stock's 50-day moving average price is $25.75 and its 200-day moving average price is $26.55.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data 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 business 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%.Weyerhaeuser's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's payout ratio is currently 221.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WY shares. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. DA Davidson lowered their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Finally, Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.75.

Insider Activity

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

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.