AIA Group Ltd Buys 149,126 Shares of Weyerhaeuser (NYSE:WY)

AIA Group Ltd grew its stake in shares of Weyerhaeuser (NYSE:WY) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 949,389 shares of the real estate investment trust’s stock after buying an additional 149,126 shares during the quarter. Weyerhaeuser accounts for approximately 1.4% of AIA Group Ltd’s portfolio, making the stock its 17th largest holding. AIA Group Ltd’s holdings in Weyerhaeuser were worth $33,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Millburn Ridgefield Corp bought a new stake in shares of Weyerhaeuser in the third quarter worth about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Weyerhaeuser in the second quarter worth about $26,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Weyerhaeuser in the second quarter worth about $36,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 0.5 %

Shares of WY traded down $0.16 during mid-day trading on Thursday, reaching $31.36. The company had a trading volume of 1,957,059 shares, compared to its average volume of 3,426,947. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The firm has a 50-day moving average price of $34.18 and a 200 day moving average price of $32.66. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 27.41 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. On average, sell-side analysts forecast that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.55%. Weyerhaeuser’s dividend payout ratio is 69.57%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.00.

Insider Activity at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is owned by corporate insiders.

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.