Shell Asset Management Co. Acquires 42,043 Shares of Weyerhaeuser Company $WY

Key Points

• Shell Asset Management Co. increased its holdings in Weyerhaeuser Company by 41.9% by acquiring an additional 42,043 shares, raising its total ownership to 142,368 shares valued at approximately $3.7 million.
• Several institutional investors, including Nuveen LLC and Millennium Management LLC, have also significantly increased their positions in Weyerhaeuser, contributing to an overall institutional ownership of 82.99%.
• The stock has received mixed reviews from analysts, with ratings ranging from Strong Buy to Sell, and a current consensus price target of $32.88.

Shell Asset Management Co. raised its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 41.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,368 shares of the real estate investment trust's stock after purchasing an additional 42,043 shares during the period. Shell Asset Management Co.'s holdings in Weyerhaeuser were worth $3,657,000 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. Nuveen LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $107,330,000. Millennium Management LLC increased its stake in shares of Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock valued at $91,657,000 after purchasing an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock valued at $212,733,000 after purchasing an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Weyerhaeuser during the first quarter valued at approximately $53,061,000. Institutional investors own 82.99% of the company's stock.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WY. Truist Financial reduced their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Saturday, September 27th. DA Davidson reissued a "buy" rating and set a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Trading Down 2.1%

NYSE:WY opened at $24.43 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 12 month low of $23.98 and a 12 month high of $33.56. The company has a market cap of $17.63 billion, a PE ratio of 64.29, a price-to-earnings-growth ratio of 124.51 and a beta of 1.05. The company has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $25.97.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. 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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