Fjarde AP Fonden Fourth Swedish National Pension Fund Buys New Position in Weyerhaeuser Company $WY

Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the 4th quarter, Holdings Channel reports. The institutional investor bought 60,644 shares of the real estate investment trust’s stock, valued at approximately $1,437,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after buying an additional 2,343,724 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after purchasing an additional 23,485,504 shares during the period. State Street Corp increased its holdings in shares of Weyerhaeuser by 1.9% in the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after purchasing an additional 602,901 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at about $549,531,000. Finally, Geode Capital Management LLC increased its holdings in shares of Weyerhaeuser by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock valued at $479,155,000 after purchasing an additional 225,227 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WY shares. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Citigroup cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial cut their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Finally, DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Up 2.4%

Weyerhaeuser stock opened at $24.65 on Wednesday. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.86. The business’s 50-day moving average price is $24.21 and its 200 day moving average price is $24.35. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

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.