Weyerhaeuser Company $WY Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,393 shares of the real estate investment trust’s stock after purchasing an additional 30,501 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Weyerhaeuser were worth $4,202,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in Weyerhaeuser in the fourth quarter worth about $39,000. Optiver Holding B.V. acquired a new position in Weyerhaeuser during the 3rd quarter valued at about $42,000. Costello Asset Management INC increased its stake in 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 period. Lodestone Wealth Management LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC raised its position in shares of Weyerhaeuser by 38.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 517 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.35 on Friday. The company has a 50-day moving average of $24.13 and a 200-day moving average of $24.19. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 43.24, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90. 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 twelve month low of $21.16 and a twelve month high of $27.86.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WY shares. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $28.88.

Insiders Place Their Bets

In related news, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. The trade was a 491.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Calvin O’rourke bought 4,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is currently owned by corporate insiders.

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.