Mercer Global Advisors Inc. ADV Raises Stock Holdings in Weyerhaeuser (NYSE:WY)

Mercer Global Advisors Inc. ADV raised its position in shares of Weyerhaeuser (NYSE:WY) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,278 shares of the real estate investment trust’s stock after buying an additional 2,048 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Weyerhaeuser were worth $6,566,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American National Bank raised its holdings in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 1st quarter worth $33,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser in the 2nd quarter worth about $26,000. Register Financial Advisors LLC purchased a new stake in shares of Weyerhaeuser in the 1st quarter worth about $36,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Truist Financial lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th. DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $35.83.

Insider Activity at Weyerhaeuser

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

Weyerhaeuser Trading Down 1.0 %

Weyerhaeuser stock opened at $33.24 on Friday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 30.22 and a beta of 1.40. The business’s fifty day simple moving average is $30.91 and its two-hundred day simple moving average is $31.22. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. As a group, equities analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

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.