Russell Investments Group Ltd. increased its holdings in shares of Weyerhaeuser (NYSE:WY – Free Report) by 16.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 754,349 shares of the real estate investment trust’s stock after purchasing 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 SEC filing.
Other large investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in Weyerhaeuser by 0.4% during the second quarter. US Bancorp DE now owns 753,827 shares of the real estate investment trust’s stock worth $25,261,000 after acquiring an additional 3,338 shares in the last quarter. Clarius Group LLC grew its holdings in Weyerhaeuser by 6.6% during the second quarter. Clarius Group LLC now owns 11,564 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 716 shares during the period. Private Advisor Group LLC grew its holdings in Weyerhaeuser by 44.8% during the second quarter. Private Advisor Group LLC now owns 39,240 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 12,148 shares during the period. Checchi Capital Advisers LLC raised its stake in Weyerhaeuser by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 12,104 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 363 shares during the period. Finally, Cetera Advisors LLC raised its stake in Weyerhaeuser by 5.5% in the second quarter. Cetera Advisors LLC now owns 11,268 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.
Analyst Ratings Changes
WY has been the topic of a number of recent analyst reports. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Truist Financial increased their price objective on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, July 31st. StockNews.com assumed coverage on shares of Weyerhaeuser in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, July 31st. Three research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.29.
In related news, CFO David M. Wold sold 923 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.63, for a total value of $28,271.49. Following the transaction, the chief financial officer now owns 60,436 shares in the company, valued at $1,851,154.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO David M. Wold sold 923 shares of Weyerhaeuser stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.63, for a total value of $28,271.49. Following the transaction, the chief financial officer now owns 60,436 shares in the company, valued at approximately $1,851,154.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Denise M. Merle sold 7,500 shares of Weyerhaeuser stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.29, for a total value of $242,175.00. Following the completion of the transaction, the senior vice president now owns 147,601 shares in the company, valued at approximately $4,766,036.29. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
Weyerhaeuser Stock Up 1.0 %
NYSE WY opened at $32.23 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The company 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 50 day moving average of $30.45 and a 200-day moving average of $31.33. Weyerhaeuser has a 1-year low of $27.65 and a 1-year high of $36.00.
Weyerhaeuser Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.19 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.76 annualized dividend and a yield of 2.36%. Weyerhaeuser’s dividend payout ratio is presently 87.36%.
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.
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