UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $151.44 Million Stock Position in Weyerhaeuser (NYSE:WY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 257.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,472,451 shares of the real estate investment trust’s stock after acquiring an additional 3,220,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Weyerhaeuser were worth $151,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Cetera Investment Advisers raised its position in shares of Weyerhaeuser by 115.1% during the first quarter. Cetera Investment Advisers now owns 68,988 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 36,914 shares during the period. Cetera Advisors LLC increased its stake in Weyerhaeuser by 83.9% during the 1st quarter. Cetera Advisors LLC now owns 21,698 shares of the real estate investment trust’s stock worth $779,000 after purchasing an additional 9,896 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Weyerhaeuser by 1.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 497,254 shares of the real estate investment trust’s stock worth $17,784,000 after buying an additional 6,629 shares during the period. Park Place Capital Corp lifted its stake in Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Weyerhaeuser by 10.8% in the second quarter. GAMMA Investing LLC now owns 11,536 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 1,126 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

NYSE:WY opened at $32.26 on Friday. The stock has a market capitalization of $23.44 billion, a PE ratio of 43.59 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a fifty day simple moving average of $32.18 and a 200 day simple moving average of $30.83. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business earned $0.33 EPS. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.48%. Weyerhaeuser’s payout ratio is 108.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.33.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 79.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser 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.