Weyerhaeuser Company (NYSE:WY) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 537,978 shares of the real estate investment trust's stock after buying an additional 45,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Weyerhaeuser worth $15,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cohen & Steers Inc. grew its stake in shares of Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares in the last quarter. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter valued at $638,470,000. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after purchasing an additional 637,643 shares during the last quarter. Northern Trust Corp lifted its holdings in Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after purchasing an additional 322,313 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Weyerhaeuser by 2.4% during the 1st 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 last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Down 1.1%

NYSE WY traded down $0.29 during trading on Monday, reaching $26.19. 917,464 shares of the company's stock traded hands, compared to its average volume of 4,066,001. The company's 50 day simple moving average is $26.12 and its two-hundred day simple moving average is $27.62. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 68.92, a price-to-earnings-growth ratio of 57.18 and a beta of 1.14. 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 (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The company's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WY shares. Citigroup decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. CIBC reduced their price target on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, Truist Financial reduced their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

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.