UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 205,867 Shares of Weyerhaeuser Company $WY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 5.0% in the second quarter, Holdings Channel reports. The firm owned 4,347,780 shares of the real estate investment trust’s stock after buying an additional 205,867 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Weyerhaeuser were worth $104,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blume Capital Management Inc. raised its position in shares of Weyerhaeuser by 35.8% in the 4th quarter. Blume Capital Management Inc. now owns 186,973 shares of the real estate investment trust’s stock valued at $4,429,000 after acquiring an additional 49,275 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $6,614,000. Pacific Heights Asset Management LLC grew its holdings in Weyerhaeuser by 71.4% during the fourth quarter. Pacific Heights Asset Management LLC now owns 600,000 shares of the real estate investment trust’s stock valued at $14,214,000 after purchasing an additional 250,000 shares during the period. Swedbank AB increased its stake in Weyerhaeuser by 11.1% in the fourth quarter. Swedbank AB now owns 969,745 shares of the real estate investment trust’s stock valued at $22,973,000 after purchasing an additional 96,744 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Weyerhaeuser by 3.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,519,262 shares of the real estate investment trust’s stock valued at $36,158,000 after purchasing an additional 43,656 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WY shares. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. JPMorgan Chase & Co. boosted their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Trading Up 0.1%

Shares of NYSE:WY opened at $23.40 on Wednesday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.75. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $24.25 and its 200 day simple moving average is $24.31. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.26 and a beta of 0.87.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. As a group, research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s payout ratio is 129.23%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.