Bank of Montreal Can Acquires 29,927 Shares of Weyerhaeuser (NYSE:WY)

Bank of Montreal Can grew its holdings in Weyerhaeuser (NYSE:WY) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750,575 shares of the real estate investment trust’s stock after purchasing an additional 29,927 shares during the period. Bank of Montreal Can owned about 0.10% of Weyerhaeuser worth $21,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after buying an additional 10,271,891 shares in the last quarter. Swedbank AB bought a new stake in shares of Weyerhaeuser in the first quarter worth approximately $106,141,000. Price T Rowe Associates Inc. MD grew its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $81,507,000. Finally, M&G Plc purchased a new stake in Weyerhaeuser in the first quarter worth approximately $60,792,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 1.8 %

Shares of WY opened at $33.76 on Friday. The firm has a market cap of $24.61 billion, a P/E ratio of 30.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a 50 day simple moving average of $31.19 and a two-hundred day simple moving average of $31.19.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.32 earnings per share. Weyerhaeuser’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.37%. Weyerhaeuser’s payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WY shares. Truist Financial decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Citigroup cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $35.83.

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.