Nordea Investment Management AB Purchases 243,439 Shares of Weyerhaeuser Company $WY

Key Points

• Nordea Investment Management AB increased its holdings in Weyerhaeuser Company by 12.0%, acquiring 243,439 shares, bringing its total to 2,276,521 shares valued at approximately $58.48 million.
• Insider activity was noted as Director Sara Grootwassink Lewis purchased 4,000 shares at $25.29 each, increasing her position by 22.89%.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, contributing to an annualized dividend yield of 3.6%, with a high dividend payout ratio of 221.05%.

Nordea Investment Management AB grew its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,276,521 shares of the real estate investment trust's stock after purchasing an additional 243,439 shares during the quarter. Nordea Investment Management AB owned about 0.31% of Weyerhaeuser worth $58,484,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the first quarter valued at about $31,000. Costello Asset Management INC acquired a new position in shares of Weyerhaeuser in the first quarter valued at about $32,000. Marshall Investment Management LLC bought a new position in Weyerhaeuser during the first quarter worth about $36,000. Finally, Private Wealth Asset Management LLC raised its stake in Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 807 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company's stock.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $23.60 on Friday. Weyerhaeuser Company has a fifty-two week low of $23.43 and a fifty-two week high of $33.11. The stock's fifty day moving average price is $25.12 and its two-hundred day moving average price is $25.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market cap of $17.02 billion, a PE ratio of 62.09, a P/E/G ratio of 248.14 and a beta of 1.05.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson reissued a "buy" rating and set a $35.00 target price on shares of Weyerhaeuser in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.63.

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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