OFI Invest Asset Management Takes $1.37 Million Position in Weyerhaeuser Company $WY

Key Points

• OFI Invest Asset Management has acquired a new position in Weyerhaeuser Company, purchasing 53,321 shares valued at approximately $1.37 million.
• Insider trading activity showed that Director Sara Grootwassink Lewis increased her stake by 22.89%, buying 4,000 shares at an average price of $25.29.
• Weyerhaeuser's stock has received mixed analyst ratings, with one analyst issuing a sell rating while others maintain various ratings, reflecting a consensus of Moderate Buy and an average price target of $32.88.

OFI Invest Asset Management purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,321 shares of the real estate investment trust's stock, valued at approximately $1,370,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Weyerhaeuser by 0.3% during the 1st 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 acquiring an additional 339,884 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 0.5% during the 1st 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 acquiring an additional 193,854 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Weyerhaeuser by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock valued at $349,368,000 after acquiring an additional 440,163 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weyerhaeuser by 1.7% during the 1st 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 acquiring an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Weyerhaeuser by 2.4% during the 1st 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 acquiring an additional 213,062 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial dropped their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. DA Davidson reaffirmed a "buy" rating and issued a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Trading Down 2.0%

NYSE:WY opened at $23.95 on Friday. Weyerhaeuser Company has a 1 year low of $23.92 and a 1 year high of $33.56. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 152.35 and a beta of 1.05. The business has a fifty day moving average of $25.30 and a 200-day moving average of $25.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

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

Weyerhaeuser Announces Dividend

The company 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 of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

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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