Swedbank AB Raises Position in Weyerhaeuser Company $WY

Swedbank AB boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 873,001 shares of the real estate investment trust’s stock after buying an additional 24,833 shares during the period. Swedbank AB owned approximately 0.12% of Weyerhaeuser worth $21,642,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WY. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares in the last quarter. Private Wealth Asset Management LLC lifted its position in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. Operose Advisors LLC purchased a new position in Weyerhaeuser in the 2nd quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Weyerhaeuser in the 2nd quarter worth $49,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. DA Davidson cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Monday. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $27.88.

Insiders Place Their Bets

In other news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sara Grootwassink Lewis bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. The trade was a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Trading Down 0.1%

Shares of WY stock opened at $23.74 on Friday. The business has a 50-day moving average of $22.77 and a 200 day moving average of $24.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The stock has a market capitalization of $17.11 billion, a PE ratio of 52.75, a P/E/G ratio of 124.42 and a beta of 1.08.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.