Weyerhaeuser Company (NYSE:WY) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 23,525.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,428,378 shares of the real estate investment trust's stock after acquiring an additional 1,422,332 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.20% of Weyerhaeuser worth $41,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. Norges Bank acquired a new position in Weyerhaeuser in the 4th quarter valued at about $638,470,000. Cohen & Steers Inc. grew its holdings in shares of Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after purchasing an additional 14,213,243 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Weyerhaeuser by 122.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after buying an additional 2,685,634 shares during the period. Deutsche Bank AG lifted its holdings in Weyerhaeuser by 43.6% during the 4th quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock worth $118,140,000 after buying an additional 1,273,217 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Weyerhaeuser in the 4th quarter valued at approximately $27,332,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. CIBC reduced their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Truist Financial decreased their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, Citigroup decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Weyerhaeuser Stock Up 0.3%

Shares of NYSE:WY traded up $0.09 during trading on Wednesday, hitting $25.96. 2,646,307 shares of the company were exchanged, compared to its average volume of 3,793,029. The firm's 50 day moving average price is $26.03 and its 200-day moving average price is $28.24. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26. The stock has a market capitalization of $18.82 billion, a P/E ratio of 51.91, a PEG ratio of 34.64 and a beta of 1.16.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. Weyerhaeuser's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.24%. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a share buyback plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Weyerhaeuser 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.