Weyerhaeuser Company $WY Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc significantly reduced its holdings in Weyerhaeuser Company by 56.4%, selling 415,894 shares in the second quarter and bringing their total to 321,792 shares.
• Multiple hedge funds increased their positions in Weyerhaeuser, with Bayforest Capital Ltd notably boosting its stake by 14,643.4%, now owning 12,237 shares.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, translating to an annualized yield of 3.5%, despite having a high dividend payout ratio of 221.05%.

AEGON ASSET MANAGEMENT UK Plc lowered its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 56.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,792 shares of the real estate investment trust's stock after selling 415,894 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Weyerhaeuser were worth $8,260,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bayforest Capital Ltd boosted its position in Weyerhaeuser by 14,643.4% during the second quarter. Bayforest Capital Ltd now owns 12,237 shares of the real estate investment trust's stock worth $314,000 after purchasing an additional 12,154 shares in the last quarter. Naviter Wealth LLC boosted its position in Weyerhaeuser by 8.2% during the second quarter. Naviter Wealth LLC now owns 45,887 shares of the real estate investment trust's stock worth $1,179,000 after purchasing an additional 3,472 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in Weyerhaeuser by 17.4% during the second quarter. Cascade Investment Advisors Inc. now owns 29,715 shares of the real estate investment trust's stock worth $763,000 after purchasing an additional 4,395 shares in the last quarter. MGO One Seven LLC purchased a new position in Weyerhaeuser during the second quarter worth approximately $232,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 12.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,177,653 shares of the real estate investment trust's stock worth $267,062,000 after purchasing an additional 1,112,088 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. DA Davidson reiterated a "buy" rating and set a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. CIBC lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. Finally, Truist Financial decreased their target price on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.63.

Weyerhaeuser Stock Performance

NYSE WY opened at $23.75 on Thursday. The company has a market cap of $17.14 billion, a PE ratio of 62.50, a price-to-earnings-growth ratio of 231.29 and a beta of 1.05. The stock's 50 day simple moving average is $25.20 and its 200-day simple moving average is $25.78. Weyerhaeuser Company has a 1-year low of $23.54 and a 1-year high of $33.56. 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 announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date 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 presently 221.05%.

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.

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