Swedbank AB Boosts Stock Position in Weyerhaeuser Company $WY

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 grew its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 16.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 848,168 shares of the real estate investment trust's stock after purchasing an additional 119,504 shares during the period. Swedbank AB owned approximately 0.12% of Weyerhaeuser worth $21,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 339,884 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 0.5% in the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock valued at $1,047,234,000 after purchasing an additional 193,854 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Weyerhaeuser by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock valued at $349,368,000 after purchasing an additional 440,163 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 purchasing an additional 151,929 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of 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 purchasing an additional 213,062 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the company's 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 purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Trading Down 1.6%

NYSE WY opened at $24.15 on Friday. 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 firm has a market cap of $17.42 billion, a PE ratio of 63.55, a P/E/G ratio of 76.22 and a beta of 1.07. Weyerhaeuser Company has a one year low of $23.98 and a one year high of $34.03. The firm's fifty day moving average is $25.61 and its two-hundred day moving average is $26.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser's payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WY shares. Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday. DA Davidson cut their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Truist Financial cut their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

About Weyerhaeuser

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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