Lansforsakringar Fondforvaltning AB publ Has $36.80 Million Stock Holdings in Weyerhaeuser Company $WY

Lansforsakringar Fondforvaltning AB publ trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506,173 shares of the real estate investment trust’s stock after selling 369,520 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Weyerhaeuser were worth $36,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WY. FNY Investment Advisers LLC purchased a new position in Weyerhaeuser in the fourth quarter valued at about $39,000. Addison Advisors LLC raised its stake in shares of Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares in the last quarter. Bayban acquired a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $41,000. Costello Asset Management INC lifted its holdings in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $24.65 on Tuesday. The firm has a fifty day simple moving average of $24.27 and a 200-day simple moving average of $24.62. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.75. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 45.65, a PEG ratio of 1.44 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup decreased their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.