Weyerhaeuser Company $WY Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Weyerhaeuser Company (NYSE:WY) by 20.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,344 shares of the real estate investment trust’s stock after selling 17,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Weyerhaeuser were worth $1,679,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WY. Nuveen LLC acquired a new stake in Weyerhaeuser in the first quarter worth about $107,330,000. Millennium Management LLC raised its position in Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after acquiring an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp raised its position in Weyerhaeuser by 63.9% in the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock worth $212,733,000 after acquiring an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP bought a new stake in Weyerhaeuser in the first quarter worth about $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Weyerhaeuser in the first quarter worth about $53,061,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of several research reports. DA Davidson reiterated a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. CIBC dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Citigroup dropped their price target on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Price Performance

WY stock opened at $22.97 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a one year low of $22.57 and a one year high of $32.70. The firm has a market capitalization of $16.57 billion, a PE ratio of 60.45, a P/E/G ratio of 244.04 and a beta of 1.05. The firm has a 50-day moving average of $24.63 and a two-hundred day moving average of $25.51.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. Weyerhaeuser’s dividend payout ratio is currently 186.67%.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.