Weyerhaeuser (NYSE:WY) Shares Bought by AIA Group Ltd

AIA Group Ltd boosted its position in Weyerhaeuser (NYSE:WY - Free Report) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,175,947 shares of the real estate investment trust's stock after acquiring an additional 110,876 shares during the quarter. Weyerhaeuser accounts for approximately 1.0% of AIA Group Ltd's portfolio, making the stock its 27th largest holding. AIA Group Ltd owned about 0.16% of Weyerhaeuser worth $39,818,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of Weyerhaeuser during the first quarter worth approximately $106,141,000. Price T Rowe Associates Inc. MD increased its holdings 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 buying an additional 2,874,101 shares during the period. Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after acquiring an additional 2,004,073 shares during the last quarter. M&G Plc purchased a new stake in shares of Weyerhaeuser during the first quarter worth about $60,792,000. Finally, Millennium Management LLC lifted its position in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock valued at $44,386,000 after buying an additional 1,308,125 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

WY has been the subject of several analyst reports. Truist Financial raised their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Argus raised shares of Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. Finally, Citigroup decreased 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 Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of "Hold" and an average target price of $36.33.

Weyerhaeuser Price Performance

Weyerhaeuser stock traded up $0.20 during mid-day trading on Friday, reaching $31.94. 1,307,892 shares of the company's stock traded hands, compared to its average volume of 3,638,094. The stock has a 50 day moving average of $32.19 and a two-hundred day moving average of $30.79. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 42.89 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business's revenue for the quarter was down 13.3% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Insider Activity

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