Swedbank AB Sells 67,731 Shares of Weyerhaeuser Company $WY

Swedbank AB trimmed its position in Weyerhaeuser Company (NYSE:WY) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 902,014 shares of the real estate investment trust’s stock after selling 67,731 shares during the quarter. Swedbank AB’s holdings in Weyerhaeuser were worth $22,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $39,000. Addison Advisors LLC raised its stake in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the last quarter. Bayban bought a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $41,000. Costello Asset Management INC lifted its holdings in Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $43,000. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. 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. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a report on Thursday, April 23rd. Finally, Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Stock Up 0.3%

NYSE:WY opened at $22.52 on Friday. The stock has a 50-day simple moving average of $24.00 and a 200 day simple moving average of $24.62. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a market cap of $16.24 billion, a PE ratio of 41.71, a PEG ratio of 1.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders 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 3.7%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

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.