Weyerhaeuser Company $WY Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in Weyerhaeuser Company (NYSE:WY) by 27.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,881,226 shares of the real estate investment trust’s stock after acquiring an additional 405,575 shares during the quarter. Allianz Asset Management GmbH owned about 0.26% of Weyerhaeuser worth $46,636,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Weyerhaeuser by 4.2% during the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 409 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Weyerhaeuser by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 500 shares during the last quarter. Cromwell Holdings LLC grew its stake in shares of Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 501 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Weyerhaeuser by 6.8% during the second quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 520 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $28.63.

Weyerhaeuser Stock Performance

WY stock opened at $26.71 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.25 billion, a P/E ratio of 60.71, a P/E/G ratio of 97.80 and a beta of 1.03. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The stock’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $24.44.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Insider Buying and Selling

In related news, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares in the company, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the purchase, the director owned 25,978 shares in the company, valued at $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.