Bank of Montreal Can Has $32.76 Million Stake in Weyerhaeuser (NYSE:WY)

Bank of Montreal Can boosted its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 29.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 970,717 shares of the real estate investment trust's stock after acquiring an additional 220,142 shares during the period. Bank of Montreal Can owned about 0.13% of Weyerhaeuser worth $32,762,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Weyerhaeuser by 4.6% in the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock worth $324,450,000 after acquiring an additional 503,059 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after acquiring an additional 454,095 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Weyerhaeuser by 30.4% in the third 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. Massachusetts Financial Services Co. MA raised its holdings in shares of Weyerhaeuser by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust's stock valued at $132,709,000 after buying an additional 740,508 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust's stock valued at $93,584,000 after buying an additional 804,650 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O'rourke purchased 7,800 shares of the firm's stock in a transaction on 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 transaction, 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 available through the SEC website. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.11 during mid-day trading on Friday, reaching $32.26. 2,107,872 shares of the company traded hands, compared to its average volume of 3,601,785. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm has a market cap of $23.44 billion, a PE ratio of 43.72 and a beta of 1.40. The stock has a fifty day simple moving average of $32.20 and a 200-day simple moving average of $30.82.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business's revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 annualized dividend and a yield of 2.48%. Weyerhaeuser's dividend payout ratio (DPR) is 108.11%.

Analysts Set New Price Targets

WY has been the topic of a number of recent analyst reports. Truist Financial lifted 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. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Finally, Argus raised Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.33.

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.