Advisors Asset Management Inc. Purchases 1,418 Shares of Weyerhaeuser Company $WY

Advisors Asset Management Inc. boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 112.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,684 shares of the real estate investment trust’s stock after buying an additional 1,418 shares during the period. Advisors Asset Management Inc.’s holdings in Weyerhaeuser were worth $79,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Nuveen LLC bought a new position in Weyerhaeuser during the first quarter valued at approximately $107,330,000. Bank of New York Mellon Corp boosted its stake in Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after buying an additional 2,833,288 shares during the last quarter. Clean Energy Transition LLP bought a new position in Weyerhaeuser during the first quarter valued at approximately $55,429,000. Adage Capital Partners GP L.L.C. bought a new position in Weyerhaeuser during the first quarter valued at approximately $53,061,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Weyerhaeuser by 23,525.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,428,378 shares of the real estate investment trust’s stock valued at $41,823,000 after buying an additional 1,422,332 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 3.4%

Weyerhaeuser stock opened at $24.94 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 65.63, a PEG ratio of 81.69 and a beta of 1.07. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The business has a fifty day moving average price of $25.76 and a 200-day moving average price of $26.63.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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 firm 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Equities research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Analyst Ratings Changes

WY has been the subject of several analyst reports. Citigroup lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.75.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by 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.