Blume Capital Management Inc. raised its stake in shares of Weyerhaeuser Company (NYSE:WY – Free Report) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,846 shares of the real estate investment trust’s stock after acquiring an additional 6,745 shares during the quarter. Blume Capital Management Inc.’s holdings in Weyerhaeuser were worth $3,516,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. S.A. Mason LLC boosted its position in Weyerhaeuser by 5.6% in the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 408 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 445 shares during the last quarter. Unison Advisors LLC raised its stake in shares of Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock valued at $2,029,000 after acquiring an additional 455 shares during the last quarter. SPC Financial Inc. boosted its holdings in shares of Weyerhaeuser by 3.5% in the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 500 shares in the last quarter. Finally, Horizon Investments LLC grew its position in Weyerhaeuser by 5.2% during the 1st quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 516 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.
Insider Buying and Selling
In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director 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 hyperlink. Corporate insiders own 0.27% of the company’s stock.
Weyerhaeuser Trading Up 1.8%
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business posted $0.21 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.
Weyerhaeuser Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. CIBC dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Truist Financial lowered their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.63.
Check Out Our Latest Analysis on WY
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.
See Also
- Five stocks we like better than Weyerhaeuser
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- Canada Bond Market Holiday: How to Invest and Trade
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
- How to invest in marijuana stocks in 7 steps
- Got 1K to Invest? These 3 Stocks Are Still Attractive Buys
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY – Free Report).
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.