Swedbank AB Has $75.08 Million Holdings in Weyerhaeuser (NYSE:WY)

Swedbank AB cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,217,212 shares of the real estate investment trust’s stock after selling 115,578 shares during the period. Swedbank AB owned about 0.31% of Weyerhaeuser worth $75,075,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wescott Financial Advisory Group LLC acquired a new position in Weyerhaeuser during the 3rd quarter worth approximately $209,000. Cerity Partners LLC increased its stake in Weyerhaeuser by 17.5% during the 3rd quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust’s stock valued at $5,225,000 after purchasing an additional 23,023 shares in the last quarter. Nwam LLC bought a new stake in Weyerhaeuser during the 3rd quarter valued at $232,000. Raymond James Trust N.A. grew its holdings in shares of Weyerhaeuser by 16.4% during the third quarter. Raymond James Trust N.A. now owns 75,241 shares of the real estate investment trust’s stock valued at $2,548,000 after buying an additional 10,598 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after acquiring an additional 454,095 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.1 %

Shares of WY opened at $31.24 on Monday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm’s 50-day moving average price is $32.28 and its 200-day moving average price is $30.79. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 42.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. Weyerhaeuser’s quarterly revenue was down 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WY. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Truist Financial lifted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $36.33.

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.