Massachusetts Financial Services Co. MA Purchases 740,508 Shares of Weyerhaeuser (NYSE:WY)

Massachusetts Financial Services Co. MA raised its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 23.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,919,349 shares of the real estate investment trust's stock after buying an additional 740,508 shares during the period. Massachusetts Financial Services Co. MA owned about 0.54% of Weyerhaeuser worth $132,709,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WY. M&G Plc raised its stake in Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust's stock valued at $54,935,000 after acquiring an additional 273,291 shares during the period. Public Sector Pension Investment Board raised its position in shares of Weyerhaeuser by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust's stock valued at $2,875,000 after purchasing an additional 14,911 shares during the period. QRG Capital Management Inc. raised its position in shares of Weyerhaeuser by 5.2% in the second quarter. QRG Capital Management Inc. now owns 397,319 shares of the real estate investment trust's stock valued at $11,280,000 after purchasing an additional 19,464 shares during the period. Quest Partners LLC lifted its stake in shares of Weyerhaeuser by 146.4% during the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust's stock worth $3,272,000 after buying an additional 57,412 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Weyerhaeuser by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust's stock worth $21,309,000 after buying an additional 29,927 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 79.01 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Albert Monaco bought 31,500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade 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 Price Performance

Shares of NYSE WY traded up $0.64 during trading hours on Friday, hitting $31.24. 2,514,204 shares of the stock were exchanged, compared to its average volume of 3,292,876. The company's fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $30.79. The company has a market cap of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business's quarterly revenue was down 13.3% on a year-over-year basis. On average, sell-side analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 is Friday, November 29th. Weyerhaeuser's payout ratio is 108.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. 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 report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Finally, DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $36.33.

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.