128,610 Shares in Weyerhaeuser Company $WY Acquired by SEB Asset Management AB

SEB Asset Management AB acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 128,610 shares of the real estate investment trust’s stock, valued at approximately $3,142,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Weyerhaeuser by 4.4% during the fourth quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after purchasing an additional 1,731,315 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Weyerhaeuser by 166.1% in the 4th 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 in the last quarter. State Street Corp increased its position in shares of Weyerhaeuser by 1.7% in the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after buying an additional 562,781 shares in the last quarter. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter worth $549,531,000. Finally, Geode Capital Management LLC raised its stake in Weyerhaeuser by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after buying an additional 225,227 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.6%

NYSE WY opened at $23.67 on Friday. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 1.34 and a beta of 0.89. The stock’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $24.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is presently 155.56%.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. Citigroup decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Truist Financial dropped their price target on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. boosted their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

About Weyerhaeuser

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.