Weyerhaeuser Company $WY Stock Holdings Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in Weyerhaeuser Company (NYSE:WY) by 20.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,393 shares of the real estate investment trust’s stock after acquiring an additional 30,501 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Weyerhaeuser were worth $4,202,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NovaPoint Capital LLC grew its position in Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 385 shares in the last quarter. BOKF NA lifted its holdings in shares of Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Weyerhaeuser by 27.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 487 shares during the period. Kiley Juergens Wealth Management LLC boosted its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 487 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Weyerhaeuser by 23.6% during the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 488 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the acquisition, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke bought 4,000 shares of the stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is currently owned by insiders.

Weyerhaeuser Trading Up 1.1%

Shares of NYSE WY opened at $23.35 on Friday. The business has a 50 day simple moving average of $24.13 and a 200 day simple moving average of $24.19. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.86. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 1.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. On average, research analysts predict that Weyerhaeuser Company will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser 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.