Weyerhaeuser (NYSE:WY) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Weyerhaeuser (NYSE:WY) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,050 shares of the real estate investment trust’s stock after acquiring an additional 931 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Weyerhaeuser were worth $71,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Weyerhaeuser by 15.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 875 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock valued at $4,568,000 after acquiring an additional 8,031 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock valued at $13,057,000 after acquiring an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $36,237,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock valued at $16,899,000 after acquiring an additional 96,900 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WY. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

Insider Transactions at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.4 %

Shares of Weyerhaeuser stock opened at $31.47 on Friday. The firm has a market capitalization of $22.96 billion, a price-to-earnings ratio of 27.37 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two 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. The stock has a 50 day moving average of $34.11 and a 200 day moving average of $32.66.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, research analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current 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 $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

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.