Danica Pension Livsforsikringsaktieselskab Purchases New Position in Weyerhaeuser Company $WY

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 310,506 shares of the real estate investment trust’s stock, valued at approximately $7,586,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 4.4% in the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after buying an additional 1,731,315 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 166.1% during 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 buying an additional 23,485,504 shares during the period. State Street Corp raised its holdings in shares of Weyerhaeuser by 1.7% during the fourth quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after acquiring an additional 562,781 shares in the last quarter. Norges Bank purchased a new stake in Weyerhaeuser in the fourth quarter worth $549,531,000. Finally, Geode Capital Management LLC lifted its stake in 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 worth $479,155,000 after acquiring an additional 225,227 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WY. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Weyerhaeuser in a research report on Friday, July 17th. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Trading Up 0.9%

WY opened at $23.82 on Thursday. 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 Company has a 52 week low of $21.16 and a 52 week high of $27.75. The stock has a market cap of $17.17 billion, a PE ratio of 44.10, a PEG ratio of 1.33 and a beta of 0.89. The business has a 50 day moving average of $24.02 and a 200-day moving average of $24.63.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Equities research analysts predict that Weyerhaeuser Company will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is currently 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.