Weyerhaeuser Company $WY Shares Bought by Swiss National Bank

Swiss National Bank lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 7.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,115,533 shares of the real estate investment trust’s stock after acquiring an additional 139,000 shares during the quarter. Swiss National Bank’s holdings in Weyerhaeuser were worth $51,682,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WY. NovaPoint Capital LLC raised its stake 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 acquiring an additional 385 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 428 shares during the last quarter. Summit Financial LLC boosted its stake in Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares in the last quarter. BOKF NA grew its holdings in shares of Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Weyerhaeuser by 23.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.9%

WY opened at $23.82 on Thursday. The business’s fifty day moving average is $24.02 and its two-hundred day moving average is $24.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.33 and a beta of 0.89. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that Weyerhaeuser Company will post 0.3 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WY shares. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a research report on Friday, July 17th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.