Weyerhaeuser (NYSE:WY) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 717,745 shares of the real estate investment trust's stock after buying an additional 53,954 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Weyerhaeuser worth $24,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser in the third quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its position in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser during the 4th quarter worth about $26,000. Lindbrook Capital LLC lifted its position in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 427 shares during the last quarter. Finally, Rational Advisors LLC acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $40,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WY. Royal Bank of Canada cut their price objective on Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a research note on Friday, March 22nd. StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. Truist Financial reiterated a "hold" rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.67.

Weyerhaeuser Price Performance

Shares of WY traded up $0.06 during trading hours on Friday, reaching $31.17. The stock had a trading volume of 4,469,414 shares, compared to its average volume of 3,451,249. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The stock has a market capitalization of $22.72 billion, a PE ratio of 28.09 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The company's 50-day moving average is $33.12 and its two-hundred day moving average is $32.85.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the company earned $0.21 EPS. Weyerhaeuser's revenue was down 4.5% compared to the same quarter last year. Research analysts expect that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. Weyerhaeuser's dividend payout ratio is currently 72.73%.

Insiders Place Their Bets

In related news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares of the company's stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares of the company's stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

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.