Weyerhaeuser Company $WY Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in Weyerhaeuser Company by 16.4% in Q2, owning approximately 0.12% of the company, valued at about $21.79 million.
• Weyerhaeuser recently reported $0.12 EPS for the last quarter, surpassing analyst estimates, but its revenue fell 2.8% year-over-year.
• The company declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.5%, with a high payout ratio of 221.05%.

Swedbank AB lifted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 848,168 shares of the real estate investment trust's stock after purchasing an additional 119,504 shares during the quarter. Swedbank AB owned about 0.12% of Weyerhaeuser worth $21,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WY. Nuveen LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $107,330,000. Millennium Management LLC lifted its position in Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock valued at $91,657,000 after purchasing an additional 3,027,823 shares during the period. Bank of New York Mellon Corp boosted its holdings in Weyerhaeuser by 63.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock valued at $212,733,000 after purchasing an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP acquired a new position in Weyerhaeuser during the 1st quarter worth approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Weyerhaeuser during the 1st quarter worth approximately $53,061,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WY shares. JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. CIBC cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a report on Thursday, September 11th. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded up $0.08 on Tuesday, hitting $24.34. The company's stock had a trading volume of 1,358,051 shares, compared to its average volume of 4,103,830. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $25.58 and a 200-day moving average price of $26.33. Weyerhaeuser Company has a 52-week low of $23.98 and a 52-week high of $34.03. The company has a market capitalization of $17.56 billion, a P/E ratio of 64.07, a price-to-earnings-growth ratio of 84.50 and a beta of 1.07.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

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.