Weyerhaeuser Company $WY Shares Acquired by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group LLC increased its holdings in Weyerhaeuser Company by 37.5% during the second quarter, owning a total of 55,037 shares valued at approximately $1.4 million.
• Insider Sara Grootwassink Lewis purchased 4,000 shares at $25.29 each, raising her total shares to 21,478, marking a 22.89% increase in her stake.
• Weyerhaeuser reported a quarterly earnings per share of $0.12, beating expectations, but its revenue decreased by 2.8% year-over-year, totaling $1.88 billion.

Bleakley Financial Group LLC grew its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,037 shares of the real estate investment trust's stock after purchasing an additional 15,008 shares during the quarter. Bleakley Financial Group LLC's holdings in Weyerhaeuser were worth $1,414,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $36,000. Finally, Private Wealth Asset Management LLC grew its position in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.89 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company has a market cap of $17.23 billion, a P/E ratio of 62.86, a P/E/G ratio of 250.88 and a beta of 1.05. Weyerhaeuser Company has a fifty-two week low of $23.23 and a fifty-two week high of $32.70. The firm's 50 day moving average is $24.90 and its two-hundred day moving average is $25.60.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Analyst Upgrades and Downgrades

WY has been the topic of several research reports. DA Davidson reiterated a "buy" rating and issued a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, CIBC reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.63.

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.

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