Weyerhaeuser (NYSE:WY) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC boosted its stake in Weyerhaeuser (NYSE:WY) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,897 shares of the real estate investment trust’s stock after acquiring an additional 5,632 shares during the period. MML Investors Services LLC’s holdings in Weyerhaeuser were worth $2,604,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Ridgewood Investments LLC bought a new position in Weyerhaeuser during the 2nd quarter worth $26,000. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser in the second quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the last quarter. Finally, Bangor Savings Bank boosted its holdings in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WY shares. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Truist Financial upped their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.06 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm’s 50 day moving average is $31.72 and its 200-day moving average is $30.87. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market capitalization of $21.84 billion, a P/E ratio of 40.62 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Weyerhaeuser 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.