Swedbank AB Increases Position in Weyerhaeuser Company $WY

Swedbank AB lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 11.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 969,745 shares of the real estate investment trust’s stock after acquiring an additional 96,744 shares during the quarter. Swedbank AB’s holdings in Weyerhaeuser were worth $22,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Weyerhaeuser by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after buying an additional 2,343,724 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares during the last quarter. State Street Corp lifted its stake in Weyerhaeuser by 1.9% in the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after purchasing an additional 602,901 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Weyerhaeuser by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock valued at $370,623,000 after purchasing an additional 1,400,050 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Weyerhaeuser by 12.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,717,085 shares of the real estate investment trust’s stock valued at $278,867,000 after purchasing an additional 1,254,057 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WY. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Citigroup dropped their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Trading Up 0.0%

Shares of WY stock opened at $23.67 on Tuesday. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.34 and a beta of 0.90. The company’s fifty day simple moving average is $24.01 and its two-hundred day simple moving average is $24.19. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. As a group, analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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

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.