MUFG Americas Holdings Corp Boosts Stake in Weyerhaeuser Co (NYSE:WY)

MUFG Americas Holdings Corp increased its stake in shares of Weyerhaeuser Co (NYSE:WY) by 36.1% in the third quarter, HoldingsChannel.com reports. The firm owned 223,736 shares of the real estate investment trust’s stock after buying an additional 59,344 shares during the period. MUFG Americas Holdings Corp’s holdings in Weyerhaeuser were worth $6,198,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WY. Vanguard Group Inc. boosted its position in Weyerhaeuser by 12.4% in the 2nd quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock valued at $2,837,219,000 after buying an additional 11,845,982 shares during the period. Northern Trust Corp boosted its position in Weyerhaeuser by 1.0% in the 2nd quarter. Northern Trust Corp now owns 10,871,188 shares of the real estate investment trust’s stock valued at $286,347,000 after buying an additional 104,432 shares during the period. Nuveen Asset Management LLC purchased a new position in Weyerhaeuser in the 2nd quarter valued at approximately $197,323,000. Pictet Asset Management Ltd. boosted its position in Weyerhaeuser by 6.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,289,462 shares of the real estate investment trust’s stock valued at $112,984,000 after buying an additional 252,350 shares during the period. Finally, Morgan Stanley boosted its position in Weyerhaeuser by 4.5% in the 2nd quarter. Morgan Stanley now owns 4,280,269 shares of the real estate investment trust’s stock valued at $112,742,000 after buying an additional 183,558 shares during the period. 76.90% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Scotiabank set a $28.50 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, September 17th. Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. Bank of America set a $31.00 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, ValuEngine raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Buy” and an average target price of $30.93.

Shares of WY traded up $0.05 during midday trading on Friday, reaching $29.38. The stock had a trading volume of 53,391 shares, compared to its average volume of 3,428,901. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $30.28. The company’s fifty day simple moving average is $28.37 and its two-hundred day simple moving average is $26.24. The company has a market cap of $21.78 billion, a price-to-earnings ratio of 24.89 and a beta of 1.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.55 and a quick ratio of 1.22.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. Weyerhaeuser’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Weyerhaeuser Co will post 0.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.34 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.63%. Weyerhaeuser’s payout ratio is 115.25%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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