Forsta AP Fonden Buys 16,300 Shares of Weyerhaeuser Company $WY

Forsta AP Fonden boosted its stake in Weyerhaeuser Company (NYSE:WY) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,600 shares of the real estate investment trust’s stock after purchasing an additional 16,300 shares during the quarter. Forsta AP Fonden’s holdings in Weyerhaeuser were worth $3,458,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock valued at $348,111,000 after buying an additional 6,284,982 shares in the last quarter. Nuveen LLC bought a new position in Weyerhaeuser in the first quarter valued at approximately $107,330,000. Millennium Management LLC raised its position in Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after purchasing an additional 3,027,823 shares in the last quarter. Clean Energy Transition LLP acquired a new position in Weyerhaeuser during the first quarter valued at approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Weyerhaeuser during the first quarter worth $53,061,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 1.4%

NYSE:WY opened at $22.13 on Friday. Weyerhaeuser Company has a one year low of $22.10 and a one year high of $32.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market cap of $15.95 billion, a PE ratio of 58.23, a P/E/G ratio of 244.04 and a beta of 1.04. The firm’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $25.31.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. On average, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.8%. Weyerhaeuser’s payout ratio is presently 186.67%.

Analyst Ratings Changes

A number of research firms have recently commented on WY. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Thursday. Citigroup dropped their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada dropped their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

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.