MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Weyerhaeuser Company $WY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Weyerhaeuser Company (WY) by 93%, owning 131,918 shares worth approximately $3.86 million.
• Several equities analysts have recently adjusted their price targets for Weyerhaeuser, with varying ratings from "Strong Buy" to "Sell," currently reflecting a consensus rating of "Moderate Buy".
• Weyerhaeuser declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 3.4% despite a high payout ratio of 221.05%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 93.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,918 shares of the real estate investment trust's stock after purchasing an additional 63,552 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Weyerhaeuser were worth $3,863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WY. Waverly Advisors LLC increased its position in shares of Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 343 shares during the last quarter. S.A. Mason LLC increased its position in shares of Weyerhaeuser by 5.6% during the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 408 shares during the last quarter. Unison Advisors LLC boosted its holdings in Weyerhaeuser by 0.7% during the 1st quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust's stock valued at $2,029,000 after acquiring an additional 455 shares during the period. SPC Financial Inc. boosted its holdings in Weyerhaeuser by 3.5% during the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust's stock valued at $427,000 after acquiring an additional 500 shares during the period. Finally, State of Wyoming boosted its holdings in Weyerhaeuser by 20.3% during the 4th quarter. State of Wyoming now owns 3,020 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 510 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a report on Thursday, September 11th. Finally, The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Stock Up 0.2%

Shares of Weyerhaeuser stock traded up $0.06 on Thursday, reaching $24.55. 3,296,462 shares of the company were exchanged, compared to its average volume of 3,879,553. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a market cap of $17.71 billion, a P/E ratio of 64.59, a price-to-earnings-growth ratio of 77.45 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. The stock's 50 day moving average price is $25.66 and its 200-day moving average price is $26.47.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during 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 firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser's payout ratio is presently 221.05%.

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.