UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stake in Weyerhaeuser Company $WY

Key Points

• UBS Asset Management Americas LLC has increased its stake in Weyerhaeuser Company by 20.2%, now owning approximately 5.19 million shares valued at $152 million.
• Weyerhaeuser recently declared a quarterly dividend of $0.21 per share, with a yield of 3.4% and a dividend payout ratio of 221.05%.
• The company's stock is currently rated as a "Moderate Buy" with a consensus price target of $32.75 from various analysts.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,191,802 shares of the real estate investment trust's stock after purchasing an additional 873,600 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.72% of Weyerhaeuser worth $152,016,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by insiders.

Weyerhaeuser Stock Down 3.4%

WY stock opened at $24.94 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company's 50 day moving average is $25.76 and its 200 day moving average is $26.63. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of 65.63, a price-to-earnings-growth ratio of 81.69 and a beta of 1.07. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on WY. DA Davidson decreased their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, Truist Financial decreased their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $32.75.

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.

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