UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 873,600 Shares of 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 stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 20.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 5,191,802 shares of the real estate investment trust's stock after buying 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 SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Weyerhaeuser by 0.3% during the first 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 purchasing an additional 339,884 shares during the period. Wellington Management Group LLP increased its holdings in shares of Weyerhaeuser by 0.5% during the first 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 purchasing an additional 193,854 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock valued at $349,368,000 after purchasing an additional 440,163 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 1.7% during the first 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 purchasing an additional 151,929 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Weyerhaeuser by 2.4% during the first 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 purchasing an additional 213,062 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Stock Up 1.0%

Weyerhaeuser stock traded up $0.24 during mid-day trading on Thursday, hitting $24.73. The company's stock had a trading volume of 890,286 shares, compared to its average volume of 4,056,611. The firm's 50 day moving average is $25.69 and its 200 day moving average is $26.52. The company has a market cap of $17.84 billion, a PE ratio of 65.12, a price-to-earnings-growth ratio of 78.87 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. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. DA Davidson lowered their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Truist Financial lowered their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.88.

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.