Worldquant Millennium Advisors LLC Purchases 57,726 Shares of Weyerhaeuser (NYSE:WY)

Worldquant Millennium Advisors LLC grew its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 38.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,616 shares of the real estate investment trust's stock after acquiring an additional 57,726 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Weyerhaeuser were worth $6,996,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Weyerhaeuser by 257.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock valued at $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Weyerhaeuser by 2,664.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock valued at $74,355,000 after purchasing an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 valued at $291,306,000 after purchasing an additional 2,004,073 shares in the last quarter. Millennium Management LLC boosted its position in shares of Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock worth $44,386,000 after buying an additional 1,308,125 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Weyerhaeuser during the third quarter worth about $40,773,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 1.1 %

Shares of NYSE:WY traded up $0.33 during midday trading on Friday, hitting $31.29. The stock had a trading volume of 3,395,079 shares, compared to its average volume of 2,745,627. The company has a market cap of $22.73 billion, a P/E ratio of 42.28 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The business's 50-day simple moving average is $31.98 and its 200-day simple moving average is $30.84. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, sell-side analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser's dividend payout ratio is 108.11%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. Truist Financial increased 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, BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.33.

Insider Activity

In related news, Director James Calvin O'rourke bought 7,800 shares of the business's stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, 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 accessible through this hyperlink. Insiders own 0.27% of the company's stock.

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.