Weyerhaeuser (NYSE:WY) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of Weyerhaeuser (NYSE:WY) by 99.2% in the 1st quarter, HoldingsChannel reports. The firm owned 47,056 shares of the real estate investment trust’s stock after purchasing an additional 23,432 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Weyerhaeuser were worth $1,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Raleigh Capital Management Inc. grew its stake in Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth about $26,000. American National Bank lifted its holdings in Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 427 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser during the 1st quarter worth about $33,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $27.48 on Wednesday. The stock has a market capitalization of $20.03 billion, a PE ratio of 24.98 and a beta of 1.39. Weyerhaeuser has a 52-week low of $27.31 and a 52-week high of $36.27. The stock’s 50-day moving average price is $30.00 and its 200 day moving average price is $32.50. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada decreased their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, BMO Capital Markets lifted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and an average price target of $37.67.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by insiders.

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.