Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in Weyerhaeuser Company $WY

Mirae Asset Global Investments Co. Ltd. increased its holdings in Weyerhaeuser Company (NYSE:WY) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,158 shares of the real estate investment trust’s stock after purchasing an additional 8,051 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Weyerhaeuser were worth $2,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Weyerhaeuser by 0.3% during the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the last quarter. Wellington Management Group LLP increased its position in Weyerhaeuser by 0.5% during the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock worth $1,047,234,000 after purchasing an additional 193,854 shares during the last quarter. JPMorgan Chase & Co. increased its position in Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock worth $349,368,000 after purchasing an additional 440,163 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock worth $267,561,000 after purchasing an additional 151,929 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 2.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust’s stock valued at $264,171,000 after acquiring an additional 213,062 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WY. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Saturday, September 27th. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. CIBC dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.88.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $24.43 on Wednesday. Weyerhaeuser Company has a 12 month low of $23.98 and a 12 month high of $33.56. 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 firm has a market capitalization of $17.63 billion, a P/E ratio of 64.29, a P/E/G ratio of 124.51 and a beta of 1.05. The company’s fifty day moving average price is $25.35 and its two-hundred day moving average price is $25.97.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company 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 revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

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

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.