Weyerhaeuser (NYSE:WY) Stock Position Lowered by M&G Plc

M&G PLC reduced its stake in Weyerhaeuser (NYSE:WY - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,875,305 shares of the real estate investment trust's stock after selling 86,664 shares during the period. M&G PLC owned approximately 0.26% of Weyerhaeuser worth $63,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the third quarter worth $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the 2nd quarter worth $26,000. Itau Unibanco Holding S.A. purchased a new position in Weyerhaeuser in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp increased its position in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WY. Argus upgraded Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. BMO Capital Markets restated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, July 29th. StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Finally, Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. One 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $36.33.

Insider Activity

In other news, Director Albert Monaco bought 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction 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 transaction, the director now owns 70,726 shares of the company's stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Calvin O'rourke purchased 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired 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. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.32 during trading on Thursday, reaching $31.74. 3,613,020 shares of the company's stock traded hands, compared to its average volume of 3,648,760. 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 50 day moving average of $32.19 and a 200-day moving average of $30.79. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market capitalization of $23.06 billion, a P/E ratio of 42.89 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business's revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, equities analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

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.