UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $104.09 Million Stock Position in Weyerhaeuser Company $WY

Key Points

• UBS Asset Management increased its Weyerhaeuser stake by 5% in the second quarter, adding 205,867 shares to hold 4.35 million shares valued at approximately $104.1 million. Institutional investors collectively own 82.99% of the company.
• Analyst sentiment is generally positive, with Weyerhaeuser carrying a “Moderate Buy” consensus rating and an average price target of $29.00. Recent actions included upgrades from Raymond James and JPMorgan Chase, though Citigroup trimmed its target to $29.
• Weyerhaeuser exceeded quarterly earnings expectations, reporting $0.13 EPS and $1.87 billion in revenue, while revenue declined 8.3% year over year. The company declared a quarterly dividend of $0.21 per share, representing a 3.6% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,347,780 shares of the real estate investment trust's stock after buying an additional 205,867 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.60% of Weyerhaeuser worth $104,086,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its stake in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust's stock valued at $891,242,000 after acquiring an additional 23,485,504 shares during the last quarter. Norges Bank bought a new stake in Weyerhaeuser during the 4th quarter worth approximately $549,531,000. Bank of New York Mellon Corp acquired a new stake in Weyerhaeuser during the 2nd quarter valued at $468,969,000. Wellington Management Group LLP raised its position in Weyerhaeuser by 14.3% in the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock valued at $1,043,164,000 after purchasing an additional 5,437,685 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Weyerhaeuser in the 1st quarter valued at $101,969,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WY. Citigroup decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. Raymond James Financial raised shares of Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price objective on the stock in a report on Friday, July 10th. Weiss Ratings raised shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.00.

Weyerhaeuser Trading Up 0.1%

WY stock opened at $23.40 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The company has a market cap of $16.87 billion, a P/E ratio of 36.00, a PEG ratio of 2.26 and a beta of 0.87. The business has a fifty day moving average of $24.25 and a 200-day moving average of $24.31.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser's payout ratio is currently 129.23%.

About Weyerhaeuser

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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