11,290 Shares in Weyerhaeuser Company $WY Acquired by Malaga Cove Capital LLC

Malaga Cove Capital LLC bought a new position in Weyerhaeuser Company (NYSE:WY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,290 shares of the real estate investment trust’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Bank of New York Mellon Corp raised its stake in shares of Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after buying an additional 6,284,982 shares in the last quarter. Nuveen LLC acquired a new position in Weyerhaeuser during the first quarter worth about $107,330,000. Millennium Management LLC raised its position in Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after acquiring an additional 3,027,823 shares in the last quarter. Clean Energy Transition LLP bought a new stake in Weyerhaeuser in the first quarter worth about $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Weyerhaeuser in the 1st quarter valued at about $53,061,000. 82.99% of the stock is owned by institutional investors.

Insider Activity

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WY shares. CIBC lowered their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. DA Davidson cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $23.10 on Friday. Weyerhaeuser Company has a fifty-two week low of $22.28 and a fifty-two week high of $32.70. The firm’s 50 day simple moving average is $24.29 and its 200-day simple moving average is $25.41. 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 company has a market cap of $16.65 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

About Weyerhaeuser

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.