Forsta AP Fonden Has $3.46 Million Holdings in Weyerhaeuser Company (NYSE:WY)

Key Points

• Forsta AP Fonden reduced its holdings in Weyerhaeuser Company by 9.7%, now owning 118,300 shares worth approximately $3.46 million.
• Weyerhaeuser reported a quarterly EPS of $0.12, exceeding analysts' expectations, despite a year-over-year revenue decline of 2.8%.
• The company declared a quarterly dividend of $0.21 per share, representing an annual yield of 3.3% and a payout ratio of 221.05%.

Forsta AP Fonden cut its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,300 shares of the real estate investment trust's stock after selling 12,700 shares during the quarter. Forsta AP Fonden's holdings in Weyerhaeuser were worth $3,464,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Weyerhaeuser by 0.3% in the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock valued at $3,331,356,000 after acquiring an additional 339,884 shares during the period. Cohen & Steers Inc. grew its stake in Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after acquiring an additional 14,213,243 shares during the period. Northern Trust Corp grew its stake in Weyerhaeuser by 3.5% in the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after acquiring an additional 322,313 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Weyerhaeuser by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock valued at $267,561,000 after acquiring an additional 151,929 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Weyerhaeuser by 2.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock valued at $264,171,000 after acquiring an additional 213,062 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.7%

Shares of WY stock opened at $25.30 on Tuesday. The company has a 50 day moving average of $26.08 and a 200-day moving average of $27.31. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The firm has a market cap of $18.25 billion, a P/E ratio of 66.57, a PEG ratio of 66.64 and a beta of 1.08.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WY shares. DA Davidson lowered their price objective on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Finally, The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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