Swedbank AB Cuts Stock Position in Weyerhaeuser (NYSE:WY)

Swedbank AB lessened its holdings in Weyerhaeuser (NYSE:WY) by 5.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,217,212 shares of the real estate investment trust’s stock after selling 115,578 shares during the period. Swedbank AB owned 0.30% of Weyerhaeuser worth $75,075,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares during the last quarter. Legal & General Group Plc grew its position in Weyerhaeuser by 4.6% in the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after acquiring an additional 503,059 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Weyerhaeuser by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock valued at $187,351,000 after buying an additional 193,087 shares during the period. Principal Financial Group Inc. boosted its position in shares of Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after buying an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Weyerhaeuser by 31.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after buying an additional 769,149 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $33.05 on Wednesday. The firm has a market capitalization of $24.04 billion, a PE ratio of 32.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company’s fifty day moving average price is $31.73 and its 200-day moving average price is $30.96.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. On average, equities research analysts predict that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WY has been the subject of several research analyst reports. DA Davidson decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Royal Bank of Canada upped their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.