Arvest Bank Trust Division Invests $997,000 in Weyerhaeuser (NYSE:WY)

Arvest Bank Trust Division purchased a new position in Weyerhaeuser (NYSE:WY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,455 shares of the real estate investment trust’s stock, valued at approximately $997,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Weyerhaeuser by 257.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after buying an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after buying an additional 2,116,520 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after buying an additional 2,004,073 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Weyerhaeuser by 512.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after acquiring an additional 1,308,125 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 0.1 %

Shares of WY opened at $30.87 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 41.74 and a beta of 1.40. The company has a 50-day moving average of $31.89 and a 200 day moving average of $30.85. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data 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 company 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%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. On average, research analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Analysts Set New Price Targets

Several equities analysts have commented on WY shares. Truist Financial increased their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $36.33.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Profile

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.