Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New Investment in Weyerhaeuser Company $WY

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 60,644 shares of the real estate investment trust’s stock, valued at approximately $1,437,000.

Several other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Weyerhaeuser by 9.8% in the 4th quarter. Parallel Advisors LLC now owns 8,480 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 756 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Weyerhaeuser by 80.8% in the 4th quarter. Cibc World Market Inc. now owns 482,236 shares of the real estate investment trust’s stock worth $11,424,000 after buying an additional 215,444 shares during the period. Bowen Hanes & Co. Inc. lifted its holdings in shares of Weyerhaeuser by 0.9% in the 4th quarter. Bowen Hanes & Co. Inc. now owns 1,139,310 shares of the real estate investment trust’s stock worth $26,990,000 after buying an additional 10,050 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Weyerhaeuser by 68.5% in the 4th quarter. CIBC Asset Management Inc now owns 170,151 shares of the real estate investment trust’s stock worth $4,031,000 after buying an additional 69,169 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Weyerhaeuser by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 15,162,184 shares of the real estate investment trust’s stock worth $359,192,000 after buying an additional 211,668 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WY. 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 note on Thursday, May 14th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Trading Up 2.4%

Shares of NYSE WY opened at $24.65 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $17.77 billion, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The business has a fifty day moving average price of $24.21 and a 200 day moving average price of $24.35.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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 period in the prior year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 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.