Charles Schwab Investment Management Inc. Acquires 454,095 Shares of Weyerhaeuser (NYSE:WY)

Charles Schwab Investment Management Inc. raised its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,740,119 shares of the real estate investment trust's stock after purchasing an additional 454,095 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.20% of Weyerhaeuser worth $295,940,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB purchased a new position in Weyerhaeuser during the first quarter worth about $106,141,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Weyerhaeuser by 30.4% in 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 buying an additional 2,004,073 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Weyerhaeuser by 512.3% in 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 acquiring an additional 1,308,125 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Weyerhaeuser by 2,221.8% during the third quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust's stock valued at $39,674,000 after acquiring an additional 1,191,983 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in 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 worth $93,584,000 after acquiring an additional 804,650 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Insiders Place Their Bets

In related news, Director James Calvin O'rourke bought 7,800 shares of the company's stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 79.01 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Albert Monaco purchased 31,500 shares of the business's stock in a transaction on Monday, August 26th. The stock was bought 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 approximately $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.64 during trading on Friday, hitting $31.24. 2,514,204 shares of the company were exchanged, compared to its average volume of 3,292,876. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a 50 day moving average of $32.28 and a 200 day moving average of $30.79. 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 company has a market cap of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.33 EPS. The firm's revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Argus raised Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.33.

About Weyerhaeuser

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.