Weyerhaeuser Company $WY Stock Position Lowered by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ decreased its position in Weyerhaeuser Company (NYSE:WY) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,506,173 shares of the real estate investment trust’s stock after selling 369,520 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.21% of Weyerhaeuser worth $36,796,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WY. NovaPoint Capital LLC lifted its holdings in Weyerhaeuser by 2.7% in the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 385 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 428 shares in the last quarter. Summit Financial LLC grew its stake in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 428 shares during the last quarter. BOKF NA grew its stake in shares of Weyerhaeuser by 4.6% in the 3rd 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 raised its holdings in shares of Weyerhaeuser by 23.3% in the 4th 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 in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Citigroup dropped their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Stock Down 2.6%

NYSE:WY opened at $24.65 on Tuesday. The business’s fifty day moving average price is $24.27 and its 200 day moving average price is $24.62. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 45.65, a PEG ratio of 1.44 and a beta of 0.89. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data 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. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

About Weyerhaeuser

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.