Weyerhaeuser Company $WY Shares Bought by Aberdeen Group plc

Aberdeen Group plc grew its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,094,098 shares of the real estate investment trust's stock after acquiring an additional 144,885 shares during the quarter. Aberdeen Group plc owned approximately 0.15% of Weyerhaeuser worth $27,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Strong Tower Advisory Services increased its holdings in shares of Weyerhaeuser by 6.1% in the 2nd quarter. Strong Tower Advisory Services now owns 85,453 shares of the real estate investment trust's stock valued at $2,195,000 after acquiring an additional 4,893 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $208,000. Tectonic Advisors LLC increased its holdings in shares of Weyerhaeuser by 26.0% in the 2nd quarter. Tectonic Advisors LLC now owns 19,860 shares of the real estate investment trust's stock valued at $510,000 after acquiring an additional 4,098 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $1,729,000. Finally, Shell Asset Management Co. increased its holdings in shares of Weyerhaeuser by 41.9% in the 2nd quarter. Shell Asset Management Co. now owns 142,368 shares of the real estate investment trust's stock valued at $3,657,000 after acquiring an additional 42,043 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.1%

NYSE:WY opened at $23.96 on Tuesday. Weyerhaeuser Company has a 1 year low of $23.72 and a 1 year high of $33.56. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 63.04, a PEG ratio of 210.53 and a beta of 1.05. The business has a fifty day moving average of $25.27 and a 200-day moving average of $25.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser's dividend payout ratio is 221.05%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent research reports. Truist Financial lowered their price objective on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Finally, CIBC lowered their price objective on 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 given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average target price of $32.63.

Insider Buying and Selling at Weyerhaeuser

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

About Weyerhaeuser

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.