Swedbank AB Has $21.34 Million Stock Position in Weyerhaeuser Company $WY

Key Points

• Swedbank AB reduced its holdings in Weyerhaeuser Company by 47.9%, owning 728,664 shares after selling 671,187 in the first quarter, bringing their total value to approximately $21.3 million.
• Weyerhaeuser reported a quarterly EPS of $0.12, surpassing expectations, but experienced a revenue decline of 2.8% year-over-year, totaling $1.88 billion.
• The company announced a quarterly dividend of $0.21, with a current yield of 3.4%, although its dividend payout ratio stands at a high 221.05%.

Swedbank AB decreased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 47.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 728,664 shares of the real estate investment trust's stock after selling 671,187 shares during the period. Swedbank AB owned approximately 0.10% of Weyerhaeuser worth $21,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. DAVENPORT & Co LLC boosted its holdings in shares of Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock valued at $584,000 after acquiring an additional 1,480 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Weyerhaeuser by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Weyerhaeuser by 232.0% in the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock valued at $276,000 after acquiring an additional 6,622 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Weyerhaeuser by 85.7% in the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock valued at $1,087,000 after acquiring an additional 17,132 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Weyerhaeuser in the first quarter valued at approximately $119,000. Institutional investors own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. DA Davidson decreased their price objective 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 decreased their price objective 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. Citigroup decreased their price objective 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. CIBC cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Stock Up 1.0%

WY stock traded up $0.24 during midday trading on Thursday, reaching $24.73. The company had a trading volume of 890,286 shares, compared to its average volume of 4,056,611. The company has a 50 day moving average of $25.69 and a two-hundred day moving average of $26.52. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a market capitalization of $17.84 billion, a P/E ratio of 65.12, a PEG ratio of 78.87 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

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, topping 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 analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.21 EPS. Weyerhaeuser's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser's dividend payout ratio is 221.05%.

Weyerhaeuser 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.