Tokio Marine Asset Management Co. Ltd. Buys 1,404 Shares of Weyerhaeuser (NYSE:WY)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Weyerhaeuser (NYSE:WY) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,000 shares of the real estate investment trust’s stock after buying an additional 1,404 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wedmont Private Capital lifted its stake in Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 366 shares during the period. CWM LLC raised its stake in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 368 shares during the period. Trust Co. of Toledo NA OH lifted its holdings in Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after purchasing an additional 402 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its position in Weyerhaeuser by 6.6% during the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 406 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on WY shares. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Citigroup reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $30.93 on Friday. The business has a 50-day simple moving average of $32.30 and a 200 day simple moving average of $30.78. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 41.80 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

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

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Activity at Weyerhaeuser

In related news, Director Albert Monaco bought 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is 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.