Weyerhaeuser (NYSE:WY) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its stake in shares of Weyerhaeuser (NYSE:WY) by 46.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,863 shares of the real estate investment trust’s stock after purchasing an additional 21,700 shares during the quarter. Mizuho Securities USA LLC’s holdings in Weyerhaeuser were worth $1,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WY. Intech Investment Management LLC lifted its position in Weyerhaeuser by 39.1% during the 3rd quarter. Intech Investment Management LLC now owns 28,455 shares of the real estate investment trust’s stock worth $963,000 after acquiring an additional 7,992 shares in the last quarter. Nwam LLC purchased a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $232,000. Cerity Partners LLC lifted its position in shares of Weyerhaeuser by 17.5% during the third quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust’s stock worth $5,225,000 after purchasing an additional 23,023 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Weyerhaeuser by 10.3% in the third quarter. Larson Financial Group LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $1,651,000 after purchasing an additional 4,567 shares during the period. Finally, Summit Trail Advisors LLC grew its holdings in Weyerhaeuser by 1.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 44,082 shares of the real estate investment trust’s stock valued at $1,493,000 after purchasing an additional 808 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.55 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50 day simple moving average of $30.04 and a 200-day simple moving average of $30.74.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.84%. Weyerhaeuser’s dividend payout ratio is 152.73%.

Wall Street Analyst Weigh In

WY has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial decreased their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.