Dimensional Fund Advisors LP Grows Holdings in Weyerhaeuser (NYSE:WY)

Dimensional Fund Advisors LP boosted its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 27.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 565,350 shares of the real estate investment trust's stock after acquiring an additional 121,808 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Weyerhaeuser worth $16,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 53.2% in the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust's stock worth $1,028,191,000 after acquiring an additional 10,271,891 shares during the period. Swedbank AB acquired a new stake in shares of Weyerhaeuser in the first quarter worth $106,141,000. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 2,874,101 shares during the period. Confluence Investment Management LLC acquired a new stake in Weyerhaeuser during the first quarter valued at $81,507,000. Finally, M&G Plc acquired a new stake in Weyerhaeuser during the first quarter valued at $60,792,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

WY has been the topic of several analyst reports. DA Davidson dropped 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 Monday, July 29th. BMO Capital Markets reiterated a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Argus raised Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. Truist Financial reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Finally, Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $35.83.

Insiders Place Their Bets

In other news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O'rourke bought 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares of the company's stock, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Weyerhaeuser Stock Performance

WY opened at $32.88 on Friday. The firm has a market capitalization of $23.97 billion, a PE ratio of 29.89 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm's 50-day moving average price is $31.55 and its 200 day moving average price is $31.12. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts expect that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 72.73%.

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.