Handelsbanken Fonder AB Has $12.67 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Handelsbanken Fonder AB lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 364,392 shares of the real estate investment trust’s stock after purchasing an additional 36,640 shares during the period. Handelsbanken Fonder AB’s holdings in Weyerhaeuser were worth $12,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of Weyerhaeuser by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after buying an additional 3,573,013 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Weyerhaeuser by 4.7% during the third quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after buying an additional 532,923 shares in the last quarter. Invesco Ltd. grew its stake in Weyerhaeuser by 3.5% in the third quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock valued at $333,403,000 after purchasing an additional 365,241 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Weyerhaeuser by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock valued at $239,529,000 after purchasing an additional 95,445 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $31.73 on Wednesday. The company has a market cap of $23.15 billion, a PE ratio of 27.59 and a beta of 1.43. The stock has a 50-day moving average of $34.05 and a 200-day moving average of $32.72. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The firm’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Weyerhaeuser will post 1.01 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 69.57%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.00.

Insider Buying and Selling

In related news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,699 shares of company stock valued at $1,455,609. Insiders own 0.30% of the company’s stock.

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.