Swiss Life Asset Management Ltd Has $5.55 Million Position in Weyerhaeuser Company $WY

Key Points

• Swiss Life Asset Management increased its Weyerhaeuser position by 22.5% in the second quarter, bringing its holdings to 231,651 shares valued at approximately $5.55 million. Institutional investors collectively own 82.99% of the company.
• Weyerhaeuser reported quarterly earnings of $0.13 per share, beating estimates of $0.08, while revenue reached $1.87 billion but declined 8.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with a $29 average price target.
• The company declared a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a 3.4% yield, despite a payout ratio above 100%.

Swiss Life Asset Management Ltd increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 22.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,651 shares of the real estate investment trust's stock after buying an additional 42,549 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Weyerhaeuser were worth $5,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WY. Meramec Financial Planners LLC lifted its stake in Weyerhaeuser by 55,020.0% in the 2nd quarter. Meramec Financial Planners LLC now owns 2,756 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 2,751 shares in the last quarter. Nvwm LLC grew its stake in shares of Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 800 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Weyerhaeuser by 7.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 88,611 shares of the real estate investment trust's stock worth $2,121,000 after acquiring an additional 6,100 shares in the last quarter. Argyle Capital Management LLC grew its stake in shares of Weyerhaeuser by 5.2% during the 2nd quarter. Argyle Capital Management LLC now owns 81,320 shares of the real estate investment trust's stock worth $1,947,000 after acquiring an additional 4,020 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Weyerhaeuser by 5.6% in the second quarter. Atria Investments Inc now owns 83,885 shares of the real estate investment trust's stock valued at $2,008,000 after purchasing an additional 4,449 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WY shares. DA Davidson reissued a "buy" rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Truist Financial reiterated a "hold" rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. Weiss Ratings raised shares of Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Weyerhaeuser Trading Up 0.2%

Shares of Weyerhaeuser stock opened at $24.81 on Friday. The stock has a market cap of $17.88 billion, a P/E ratio of 38.16, a P/E/G ratio of 1.33 and a beta of 0.89. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The business's 50 day moving average is $24.35 and its 200-day moving average is $24.53.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm's revenue was down 8.3% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. Equities research analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is currently 129.23%.

Weyerhaeuser Profile

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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