Weyerhaeuser (NYSE:WY) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in Weyerhaeuser (NYSE:WY) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,655 shares of the real estate investment trust’s stock after acquiring an additional 1,735 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $649,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WY. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after acquiring an additional 3,573,013 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after buying an additional 1,634,125 shares in the last quarter. FMR LLC boosted its position in Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock valued at $97,166,000 after buying an additional 1,242,972 shares during the period. Barclays PLC boosted its position in Weyerhaeuser by 47.1% in the 3rd quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock valued at $103,489,000 after buying an additional 1,080,407 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Weyerhaeuser in the 4th quarter valued at approximately $36,237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of WY opened at $31.05 on Friday. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The firm’s fifty day simple moving average is $33.94 and its 200-day simple moving average is $32.73. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 28.23 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned $0.21 EPS. The company’s revenue was down 4.5% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WY. Truist Financial reissued a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Buying and Selling

In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock worth $1,455,609 in the last ninety days. 0.27% of the stock is owned by corporate 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.