Mediolanum International Funds Ltd Has $13.84 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Mediolanum International Funds Ltd boosted its position in Weyerhaeuser (NYSE:WY) by 117.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 410,727 shares of the real estate investment trust’s stock after purchasing an additional 222,168 shares during the period. Mediolanum International Funds Ltd owned about 0.06% of Weyerhaeuser worth $13,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Board of Administration of Florida Retirement System raised its position in shares of Weyerhaeuser by 3.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock valued at $32,207,000 after purchasing an additional 31,355 shares during the period. M&G Plc lifted its position in Weyerhaeuser by 16.2% during the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after acquiring an additional 273,291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Weyerhaeuser by 243.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after acquiring an additional 242,744 shares during the period. Natixis grew its position in shares of Weyerhaeuser by 1,026.4% in the first quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after purchasing an additional 72,440 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Weyerhaeuser by 52.3% during the first quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 39,845 shares during the period. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on WY shares. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. DA Davidson lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Citigroup cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Trading Down 1.0 %

Shares of WY stock opened at $31.80 on Friday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock’s fifty day moving average price is $32.01 and its two-hundred day moving average price is $30.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The company has a market cap of $23.18 billion, a PE ratio of 28.91 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. Equities analysts predict that Weyerhaeuser will post 0.48 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Company 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.