MML Investors Services LLC Grows Holdings in Weyerhaeuser (NYSE:WY)

MML Investors Services LLC lifted its position in shares of Weyerhaeuser (NYSE:WY) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,897 shares of the real estate investment trust’s stock after buying an additional 5,632 shares during the quarter. MML Investors Services LLC’s holdings in Weyerhaeuser were worth $2,604,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board boosted its stake in Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after buying an additional 14,911 shares during the last quarter. Quest Partners LLC boosted its position in shares of Weyerhaeuser by 146.4% in the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 57,412 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after purchasing an additional 454,095 shares during the period. Bank of Montreal Can increased its position in Weyerhaeuser by 4.2% during the second quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust’s stock worth $21,309,000 after purchasing an additional 29,927 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Weyerhaeuser during the second quarter worth approximately $1,218,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.1 %

NYSE:WY opened at $30.06 on Monday. The business’s 50-day moving average is $31.72 and its two-hundred day moving average is $30.87. The firm has a market capitalization of $21.84 billion, a PE ratio of 40.62 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating 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 company’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. Research analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WY. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.