Wellington Management Group LLP Purchases 5,437,685 Shares of Weyerhaeuser Company $WY

Key Points

• Wellington Management increased its Weyerhaeuser stake by 14.3%, purchasing 5.44 million additional shares to own 43.57 million shares, or 6.05% of the company. Institutional investors collectively hold 82.99% of outstanding shares.
• Weyerhaeuser reported quarterly EPS of $0.13, exceeding estimates of $0.08, while revenue reached $1.87 billion but declined 8.3% year over year. The stock recently traded at $23.68, below its 50- and 200-day moving averages.
• The company declared a quarterly dividend of $0.21 per share, representing a 3.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.

Wellington Management Group LLP lifted its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,574,118 shares of the real estate investment trust's stock after purchasing an additional 5,437,685 shares during the period. Wellington Management Group LLP owned 6.05% of Weyerhaeuser worth $1,043,164,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 428 shares during the last quarter. Summit Financial LLC grew its position in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust's stock worth $771,000 after buying an additional 428 shares during the last quarter. BOKF NA grew its position in shares of Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock worth $260,000 after buying an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust's stock worth $59,000 after buying an additional 472 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in shares of Weyerhaeuser by 1.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust's stock valued at $787,000 after buying an additional 500 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 0.1%

NYSE:WY opened at $23.68 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The firm's 50-day moving average price is $24.29 and its 200-day moving average price is $24.38. The company has a market capitalization of $17.07 billion, a PE ratio of 36.43, a P/E/G ratio of 1.24 and a beta of 0.89. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is presently 129.23%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. Raymond James Financial raised Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. Royal Bank Of Canada reissued an "outperform" rating and set a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. Truist Financial restated a "hold" rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Weiss Ratings raised shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Weyerhaeuser Company Profile

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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