Tokio Marine Asset Management Co. Ltd. Increases Stock Position in Weyerhaeuser Company (NYSE:WY)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Weyerhaeuser Company (NYSE:WY) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,808 shares of the real estate investment trust’s stock after purchasing an additional 1,894 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $697,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. South Plains Financial Inc. purchased a new stake in Weyerhaeuser in the 4th quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $31,000. Finally, Costello Asset Management INC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $25.84 on Friday. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 68.00, a PEG ratio of 76.20 and a beta of 1.08. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The firm’s 50-day moving average is $26.05 and its 200 day moving average is $27.22. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

Weyerhaeuser declared that its Board of Directors has approved a share buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WY. Citigroup reduced their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, June 3rd. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. Truist Financial reduced 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. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, DA Davidson reduced 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly 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 Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

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.