Weyerhaeuser Company $WY Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its stake in Weyerhaeuser Company (NYSE:WY) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,608 shares of the real estate investment trust’s stock after selling 32,396 shares during the period. Marathon Asset Management Ltd’s holdings in Weyerhaeuser were worth $6,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in Weyerhaeuser by 27.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after purchasing an additional 405,575 shares during the last quarter. Citigroup Inc. raised its position in Weyerhaeuser by 68.5% in the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock valued at $40,836,000 after purchasing an additional 669,451 shares during the last quarter. Principal Financial Group Inc. raised its position in Weyerhaeuser by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after purchasing an additional 97,769 shares during the last quarter. Nordea Investment Management AB raised its position in Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock valued at $56,310,000 after purchasing an additional 47,709 shares during the last quarter. Finally, Cambria Investment Management L.P. purchased a new stake in Weyerhaeuser in the 3rd quarter valued at $1,265,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $22.89 on Wednesday. The company has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $24.17. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $16.50 billion, a PE ratio of 42.38, a P/E/G ratio of 1.30 and a beta of 0.90. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 EPS. Equities research analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

Insider Transactions at Weyerhaeuser

In other news, Director Richard Beckwitt purchased 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were bought at an average cost of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke purchased 4,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director directly owned 28,661 shares in the company, valued at $726,556.35. The trade was a 16.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WY has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Citigroup reduced their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Truist Financial cut their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Company Profile

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.