Weyerhaeuser Company $WY Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Weyerhaeuser Company (NYSE:WY) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,090,433 shares of the real estate investment trust’s stock after selling 106,800 shares during the quarter. Swiss National Bank’s holdings in Weyerhaeuser were worth $51,822,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH raised its position in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after purchasing an additional 405,575 shares during the last quarter. Nordea Investment Management AB grew its holdings in Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after buying an additional 46,207 shares during the last quarter. Citigroup Inc. increased its position in Weyerhaeuser by 68.5% during the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after buying an additional 669,451 shares in the last quarter. Principal Financial Group Inc. increased its position in Weyerhaeuser by 2.7% during the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after buying an additional 97,769 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of Weyerhaeuser in the third quarter worth $1,154,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $23.03 on Friday. The business has a 50-day moving average of $25.63 and a two-hundred day moving average of $24.38. The firm has a market capitalization of $16.59 billion, a PE ratio of 52.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $30.28.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.11 EPS. The company’s revenue was down 9.8% compared to the same quarter last year. As a group, research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s payout ratio is 190.91%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O’rourke bought 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This represents a 16.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 28,500 shares of company stock valued at $721,645. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Bank of America reaffirmed a “neutral” rating and set a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.88.

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.