Swedbank AB Cuts 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 lessened its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 47.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 728,664 shares of the real estate investment trust's stock after selling 671,187 shares during the period. Swedbank AB owned 0.10% of Weyerhaeuser worth $21,335,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WY. Fourth Dimension Wealth LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth $27,000. GKV Capital Management Co. Inc. purchased a new stake in Weyerhaeuser in the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth $31,000. Costello Asset Management INC bought a new position in shares of Weyerhaeuser during the 1st quarter valued at about $32,000. Finally, Marshall Investment Management LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Down 3.4%

WY opened at $24.94 on Friday. The firm has a market cap of $17.99 billion, a P/E ratio of 65.63, a P/E/G ratio of 81.69 and a beta of 1.07. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $25.76 and a 200 day moving average of $26.61.

Weyerhaeuser (NYSE:WY - Get Free Report) last released 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. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. As a group, research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. Citigroup cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial cut their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Finally, The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. One 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.75.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

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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