Weyerhaeuser Company $WY Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 101.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,784 shares of the real estate investment trust’s stock after acquiring an additional 2,408 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Weyerhaeuser were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Nuveen LLC acquired a new position in Weyerhaeuser during the first quarter worth about $107,330,000. Millennium Management LLC boosted its holdings in Weyerhaeuser by 2,952.7% in the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after purchasing an additional 3,027,823 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Weyerhaeuser by 63.9% in the 1st 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 purchasing an additional 2,833,288 shares during the last quarter. Clean Energy Transition LLP acquired a new position in Weyerhaeuser in the 1st quarter valued at about $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Weyerhaeuser in the 1st quarter valued at about $53,061,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Truist Financial decreased their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, July 28th. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $32.75.

Weyerhaeuser Stock Up 0.5%

Shares of NYSE:WY opened at $24.95 on Wednesday. The stock has a market cap of $18.00 billion, a P/E ratio of 65.66, a P/E/G ratio of 78.49 and a beta of 1.07. The firm has a fifty day moving average price of $25.72 and a 200 day moving average price of $26.54. 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 Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results 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 net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid 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 3.4%. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

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.