Weyerhaeuser (NYSE:WY) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lessened its stake in Weyerhaeuser (NYSE:WY) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,400 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. Forsta AP Fonden’s holdings in Weyerhaeuser were worth $2,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WY. Headlands Technologies LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at $125,000. Daiwa Securities Group Inc. boosted its holdings in shares of Weyerhaeuser by 10.0% in the second quarter. Daiwa Securities Group Inc. now owns 79,438 shares of the real estate investment trust’s stock valued at $2,255,000 after acquiring an additional 7,196 shares in the last quarter. Andra AP fonden increased its stake in shares of Weyerhaeuser by 6.8% during the second quarter. Andra AP fonden now owns 871,400 shares of the real estate investment trust’s stock worth $24,739,000 after acquiring an additional 55,600 shares during the period. Royal London Asset Management Ltd. raised its holdings in Weyerhaeuser by 1.7% during the second quarter. Royal London Asset Management Ltd. now owns 278,153 shares of the real estate investment trust’s stock worth $7,897,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Choreo LLC acquired a new stake in Weyerhaeuser in the second quarter valued at about $401,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity

In other news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were bought 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 of the company’s stock, valued at $2,219,381.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $32.45 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $30.42 and its 200 day moving average price is $31.23. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 29.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WY shares. Truist Financial cut their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” 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 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.83.

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.