Swedbank AB Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Swedbank AB decreased its position in Weyerhaeuser (NYSE:WY - Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,217,212 shares of the real estate investment trust's stock after selling 115,578 shares during the quarter. Swedbank AB owned 0.31% of Weyerhaeuser worth $75,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital increased its stake in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock valued at $273,000 after buying an additional 350 shares during the period. Institute for Wealth Management LLC. grew its stake in Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust's stock worth $475,000 after purchasing an additional 366 shares during the period. CWM LLC grew its stake in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after purchasing an additional 368 shares during the period. Trust Co. of Toledo NA OH grew its stake in shares of Weyerhaeuser by 0.9% in the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock worth $1,457,000 after acquiring an additional 402 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of Weyerhaeuser by 5.3% in the third quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 3.2 %

Shares of WY stock traded up $0.99 on Monday, reaching $32.23. 7,704,922 shares of the company's stock were exchanged, compared to its average volume of 3,617,342. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $23.42 billion, a PE ratio of 43.55 and a beta of 1.40. The company's fifty day simple moving average is $32.27 and its 200 day simple moving average is $30.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.33 EPS. Weyerhaeuser's quarterly revenue was down 13.3% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of recent research reports. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. BMO Capital Markets restated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Finally, StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has an average rating of "Hold" and a consensus price target of $36.33.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O'rourke bought 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.