BlackRock Amends Weyerhaeuser Stake, Signals Continued Confidence
Ticker: WY · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 106535
| Field | Detail |
|---|---|
| Company | Weyerhaeuser Co (WY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Weyerhaeuser holdings, showing it's still a major, passive investor.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Weyerhaeuser Company's common stock as of December 31, 2023. This amendment, number 14, indicates BlackRock's continued significant, but passive, stake in the timber REIT. This matters to investors because BlackRock is one of the world's largest asset managers, and its substantial, albeit slightly adjusted, holding signals its ongoing confidence in Weyerhaeuser's long-term value, which can influence other institutional and retail investors.
Why It Matters
BlackRock's updated filing shows its current level of investment in Weyerhaeuser, providing transparency on a major institutional holder's position and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
A smart investor would view this as a routine update from a major institutional holder, confirming BlackRock's continued, passive interest in Weyerhaeuser. It doesn't signal an immediate buy or sell, but rather reinforces the stability of institutional ownership. Investors should continue to focus on Weyerhaeuser's fundamentals and broader market trends.
Key Numbers
- 962166104 — CUSIP Number (identifies Weyerhaeuser Company's Common Stock)
- 14 — Amendment Number (indicates this is the fourteenth amendment to BlackRock's Schedule 13G for Weyerhaeuser)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Weyerhaeuser Company (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 14 (number) — the specific amendment number of this filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Weyerhaeuser Company. (BlackRock Inc.) — high confidence, target: Next 12-18 months
- Weyerhaeuser's stock price will likely not see significant volatility directly due to this routine filing. (Weyerhaeuser Company) — high confidence, target: Next 1-2 weeks
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 14)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is Weyerhaeuser Company, as stated under 'WEYERHAEUSER COMPANY (Name of Issuer)' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding WEYERHAEUSER CO (WY).