Weyerhaeuser Company $WY Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Weyerhaeuser Company by 14.1% in the second quarter, owning approximately 1.63 million shares valued at $41.87 million.
• Weyerhaeuser's most recent earnings report showed an EPS of $0.12, beating estimates, but revenue declined by 2.8% year-over-year.
• The company recently announced a quarterly dividend of $0.21, representing a 3.4% yield, but has a high payout ratio of 221.05%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,629,743 shares of the real estate investment trust's stock after purchasing an additional 201,365 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.22% of Weyerhaeuser worth $41,868,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new stake in shares of Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser during the first quarter worth $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser during the first quarter worth $32,000. Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $36,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $40,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WY shares. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. DA Davidson lowered their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Truist Financial decreased their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. Finally, CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.63 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market capitalization of $17.77 billion, a P/E ratio of 64.80, a P/E/G ratio of 85.48 and a beta of 1.07. The company's fifty day moving average is $25.54 and its two-hundred day moving average is $26.30. Weyerhaeuser Company has a 1 year low of $23.98 and a 1 year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating 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 was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser's payout ratio is currently 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

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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