Metis Global Partners LLC Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

Metis Global Partners LLC grew its position in Weyerhaeuser (NYSE:WY) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,573 shares of the real estate investment trust’s stock after acquiring an additional 11,694 shares during the quarter. Metis Global Partners LLC’s holdings in Weyerhaeuser were worth $2,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WY. Avantax Advisory Services Inc. grew its holdings in Weyerhaeuser by 24.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 12,036 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 2,340 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Weyerhaeuser by 11.8% during the 1st quarter. Bleakley Financial Group LLC now owns 13,579 shares of the real estate investment trust’s stock worth $488,000 after acquiring an additional 1,430 shares in the last quarter. TIAA Trust National Association boosted its holdings in shares of Weyerhaeuser by 14.7% in the 1st quarter. TIAA Trust National Association now owns 6,659 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 854 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 406 shares in the last quarter. Finally, Elevatus Welath Management boosted its holdings in shares of Weyerhaeuser by 137.6% in the 1st quarter. Elevatus Welath Management now owns 207,884 shares of the real estate investment trust’s stock valued at $7,465,000 after buying an additional 120,394 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.93 on Friday. The stock has a 50 day moving average price of $32.30 and a 200 day moving average price of $30.78. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 41.80 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Research analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Truist Financial lifted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, 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.