Russell Investments Group Ltd. Has $25.26 Million Holdings in Weyerhaeuser (NYSE:WY)

Russell Investments Group Ltd. grew its position in shares of Weyerhaeuser (NYSE:WY) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 754,349 shares of the real estate investment trust’s stock after buying an additional 104,147 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Weyerhaeuser worth $25,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Weyerhaeuser by 2.5% in the 1st quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock worth $1,819,535,000 after acquiring an additional 1,484,895 shares during the period. JPMorgan Chase & Co. increased its position in Weyerhaeuser by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 20,617,729 shares of the real estate investment trust’s stock worth $621,212,000 after buying an additional 401,373 shares during the period. Geode Capital Management LLC increased its position in Weyerhaeuser by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 17,447,456 shares of the real estate investment trust’s stock worth $526,333,000 after buying an additional 784,256 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $485,095,000. Finally, Wellington Management Group LLP boosted its position in shares of Weyerhaeuser by 643.9% in the first quarter. Wellington Management Group LLP now owns 12,551,816 shares of the real estate investment trust’s stock valued at $378,186,000 after acquiring an additional 10,864,485 shares during the period. Institutional investors own 79.54% of the company’s stock.

Weyerhaeuser Stock Up 1.0 %

WY opened at $32.23 on Tuesday. The firm has a market cap of $23.53 billion, a price-to-earnings ratio of 37.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 1.79. The firm’s 50-day simple moving average is $30.45 and its 200-day simple moving average is $31.33. Weyerhaeuser has a twelve month low of $27.65 and a twelve month high of $36.00.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s payout ratio is 87.36%.

Insider Activity

In other news, SVP Denise M. Merle sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.29, for a total value of $242,175.00. Following the completion of the sale, the senior vice president now directly owns 147,601 shares in the company, valued at $4,766,036.29. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Weyerhaeuser news, SVP Denise M. Merle sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.29, for a total transaction of $242,175.00. Following the transaction, the senior vice president now owns 147,601 shares of the company’s stock, valued at approximately $4,766,036.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David M. Wold sold 923 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $30.63, for a total value of $28,271.49. Following the completion of the transaction, the chief financial officer now owns 60,436 shares in the company, valued at approximately $1,851,154.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, July 31st. Truist Financial lifted their price objective on Weyerhaeuser from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, StockNews.com initiated coverage on Weyerhaeuser in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.29.

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.