Swiss National Bank Sells 73,000 Shares of Weyerhaeuser (NYSE:WY)

Swiss National Bank lowered its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,282,333 shares of the real estate investment trust's stock after selling 73,000 shares during the period. Swiss National Bank owned about 0.31% of Weyerhaeuser worth $79,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WY. Turtle Creek Wealth Advisors LLC bought a new stake in Weyerhaeuser in the fourth quarter valued at approximately $26,000. Millburn Ridgefield Corp acquired a new stake in Weyerhaeuser during the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. boosted its position in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 728 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 427 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of Weyerhaeuser by 400.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Buying and Selling

In related news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company's stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company's stock, valued at $195,347.48. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Truist Financial reiterated a "hold" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a "neutral" rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Monday, April 29th. Finally, BMO Capital Markets increased their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $37.67.

Weyerhaeuser Trading Up 0.3 %

WY stock traded up $0.08 during midday trading on Friday, hitting $31.09. The stock had a trading volume of 4,582,781 shares, compared to its average volume of 3,198,433. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average price of $33.69 and a two-hundred day moving average price of $32.77. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The firm has a market cap of $22.67 billion, a P/E ratio of 28.26 and a beta of 1.47.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. Weyerhaeuser's revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. Weyerhaeuser's payout ratio is presently 72.73%.

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.