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Munich Reinsurance Co Stock Corp in Munich Purchases 336,783 Shares of Weyerhaeuser Company $WY
Munich Reinsurance Co Stock Corp in Munich increased its stake in Weyerhaeuser Company (NYSE:WY) by 17.0% in the fourth quarter, acquiring an additional 336,783 shares and now owning 2,312,826 shares valued at $55,485,000. Institutional investors hold 82.99% of Weyerhaeuser’s stock, and the company has an average “Hold” rating from analysts with an average price target of $28.75. Weyerhaeuser also recently declared a quarterly dividend of $0.21, contributing to an annualized dividend of $0.84 and a yield of 3.4%.