Weyerhaeuser Company $WY Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank trimmed its Weyerhaeuser stake by 4.9% in Q3, selling 106,800 shares and now owns 2,090,433 shares (~0.29% of the company) valued at about $51.82 million.
• Weyerhaeuser reported Q4 EPS of ($0.09), beating estimates by $0.04 while revenue fell 9.8% year-over-year, and declared a quarterly dividend of $0.21 (a 3.6% yield) despite a very high 190.9% payout ratio.
• Other notable moves: Allianz raised its stake 27.5% and Citigroup increased holdings 68.5%; Director Richard Beckwitt bought 20,000 shares while CEO Devin Stockfish sold 90,162 shares, and institutional investors collectively own 82.99% of the stock.

Swiss National Bank decreased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,090,433 shares of the real estate investment trust's stock after selling 106,800 shares during the period. Swiss National Bank owned approximately 0.29% of Weyerhaeuser worth $51,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust's stock worth $46,636,000 after purchasing an additional 405,575 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust's stock worth $57,278,000 after acquiring an additional 46,207 shares during the period. Citigroup Inc. boosted its holdings in Weyerhaeuser by 68.5% during the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust's stock worth $40,836,000 after buying an additional 669,451 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust's stock valued at $91,128,000 after acquiring an additional 97,769 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $1,154,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 0.9%

WY stock opened at $23.03 on Friday. The stock has a market capitalization of $16.59 billion, a PE ratio of 52.33 and a beta of 1.03. The company has a fifty day moving average of $25.63 and a 200-day moving average of $24.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $30.28.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $0.11 EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. As a group, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser's payout ratio is 190.91%.

Insider Transactions at Weyerhaeuser

In other news, Director Richard Beckwitt purchased 20,000 shares of the company's stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company's stock, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have acquired 28,500 shares of company stock worth $721,645. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Citigroup lifted their target price on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, February 2nd. UBS Group reaffirmed a "buy" rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Finally, Weiss Ratings upgraded Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus price target of $28.88.

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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