MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.86 Million Stock Holdings in Weyerhaeuser Company $WY

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Weyerhaeuser Company (NYSE:WY) by 93.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,918 shares of the real estate investment trust’s stock after buying an additional 63,552 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Weyerhaeuser were worth $3,863,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WY. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $27,000. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser during the first quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in Weyerhaeuser during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on WY shares. CIBC lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Thursday. Citigroup cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. Truist Financial cut their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.75.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $24.94 on Friday. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. 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 company’s 50 day moving average price is $25.76 and its two-hundred day moving average price is $26.63. The company has a market capitalization of $17.99 billion, a P/E ratio of 65.63, a price-to-earnings-growth ratio of 81.69 and a beta of 1.07.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.