Weyerhaeuser (NYSE:WY) Stake Boosted by AIA Group Ltd

AIA Group Ltd increased its stake in Weyerhaeuser (NYSE:WY) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,389 shares of the real estate investment trust’s stock after purchasing an additional 149,126 shares during the quarter. Weyerhaeuser makes up 1.4% of AIA Group Ltd’s investment portfolio, making the stock its 17th largest holding. AIA Group Ltd owned about 0.13% of Weyerhaeuser worth $33,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. grew its stake in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $26,000. Finally, Tyler Stone Wealth Management acquired a new stake in Weyerhaeuser in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.16 during trading hours on Thursday, reaching $31.36. The company had a trading volume of 1,957,059 shares, compared to its average volume of 3,426,947. The stock has a 50-day moving average of $34.18 and a two-hundred day moving average of $32.66. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The firm has a market capitalization of $22.88 billion, a PE ratio of 27.41 and a beta of 1.43. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is 69.57%.

Insider Buying and Selling at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock worth $1,455,609 over the last three months. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WY shares. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.00.

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.