Mitsubishi UFJ Asset Management Co. Ltd. Acquires 111,446 Shares of Weyerhaeuser Company $WY

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,475,606 shares of the real estate investment trust’s stock after buying an additional 111,446 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Weyerhaeuser worth $36,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of WY. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 959 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter worth $41,000. Finally, Optiver Holding B.V. purchased a new position in Weyerhaeuser in the third quarter worth $42,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $24.48 on Monday. The business has a 50-day moving average of $25.54 and a 200 day moving average of $24.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The stock has a market capitalization of $17.64 billion, a PE ratio of 55.63 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, Bank of America restated a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $28.88.

Insider Activity

In other news, Director James Calvin O’rourke acquired 4,000 shares of the stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the purchase, the director owned 28,661 shares in the company, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Beckwitt bought 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were purchased at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the acquisition, the director owned 24,066 shares of the company’s stock, valued at $618,496.20. This trade represents a 491.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 28,500 shares of company stock worth $721,645 in the last quarter. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.