Weyerhaeuser Company $WY Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,629,743 shares of the real estate investment trust’s stock after acquiring an additional 201,365 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Weyerhaeuser were worth $41,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $31,000. Costello Asset Management INC acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $32,000. Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $36,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial lowered 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. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Citigroup reduced their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. CIBC reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $24.63 on Thursday. Weyerhaeuser Company has a 1-year low of $23.98 and a 1-year high of $34.03. 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 business’s fifty day moving average price is $25.54 and its two-hundred day moving average price is $26.30. The firm has a market capitalization of $17.77 billion, a PE ratio of 64.80, a P/E/G ratio of 85.48 and a beta of 1.07.

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 analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Insider Buying and Selling at Weyerhaeuser

In related 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 price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company 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.