Tokio Marine Asset Management Co. Enhances its Position in Weyerhaeuser

Tokio Marine Asset Management Co. Ltd., an investment firm, has increased its stake in the real estate investment trust company Weyerhaeuser (NYSE:WY), reflecting a growth of 15.1% in the third quarter. This update comes from the most recent Form 13F filing with the Securities & Exchange Commission. With the acquisition of 2,215 additional shares, Tokio Marine Asset Management's total share count reached 16,920, representing an investment valued at approximately $519,000 as of the quarter's end.

Hedge Fund Activity

Alongside Tokio Marine's increase in Weyerhaeuser shares, numerous other hedge funds have also adjusted their stakes. California Public Employees Retirement System now holds 1,467,324 shares after a 1.4% increase during the same period, now valued at nearly $45 million. Duality Advisers LP and Sonora Investment Management Group LLC bumped their holdings by 10.4% and 4.9%, respectively. Millburn Ridgefield Corp. took a new position estimated at $25,000. Bank Pictet & Cie Europe AG increased their investment by 4.9%, now owning 20,254 shares. Collectively, institutional investors and hedge funds own 79.54% of Weyerhaeuser stock.

Market Analyst Insights

Market analysts have recently updated their ratings and price targets for Weyerhaeuser stock. Royal Bank of Canada raised their price target and maintained an 'outperform' rating. StockNews.com upgraded the stock to 'buy' from 'hold'. However, TheStreet downgraded it, and Raymond James shifted their rating to 'market perform'. Overall, the stock maintains a 'Moderate Buy' consensus among research analysts with an average price target of $38.14.

Insider Transactions

Recent insider transactions show that Weyerhaeuser's CFO David M. Wold sold 923 shares, while SVP Denise M. Merle sold 7,500 shares. Following these transactions, insiders have sold a total of 39,277 company shares over the last three months, and insiders own a small fraction of Weyerhaeuser's stock.

Stock Performance

Weyerhaeuser shares have recently experienced slight downwards movement, with the stock opening at $33.29. The company boasts a market cap of $24.30 billion, a P/E ratio of 38.26, and has shown volatility with a beta of 1.46. Its 52-week range spanned from a low of $27.65 to a high of $36.00, with a quick ratio of 1.48, a current ratio of 1.79, and a debt-to-equity ratio of 0.47. The stock's moving averages indicate steady performance over longer periods.

Dividend Announcement

Weyerhaeuser has announced a quarterly dividend payout of $0.19 per share, which has already been distributed to investors on record as of December 1st. The annualized yield stands at 2.28%, and the company's dividend payout ratio is currently 87.36% of its earnings.

Company Overview

Weyerhaeuser Company, a leader in timberland management, has been operational since 1900. Owning or controlling approximately 11 million acres of timberlands in the U.S. and managing more under long-term licenses in Canada, the company adheres to sustainable forestry practices and international standards.

TokioMarine, Weyerhaeuser, Investment, RealEstate, HedgeFunds, Analysts, InsiderTrading, StockPerformance, Dividend, Timberlands