Swiss Life Asset Management Ltd Has $5.55 Million Holdings in Weyerhaeuser Company $WY

Swiss Life Asset Management Ltd raised its holdings in Weyerhaeuser Company (NYSE:WY) by 22.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,651 shares of the real estate investment trust’s stock after buying an additional 42,549 shares during the period. Swiss Life Asset Management Ltd’s holdings in Weyerhaeuser were worth $5,546,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its stake in shares of Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 428 shares during the period. Summit Financial LLC raised its stake in Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares during the period. BOKF NA raised its stake in Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares during the period. EverSource Wealth Advisors LLC raised its stake in Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 472 shares during the period. Finally, Kiley Juergens Wealth Management LLC lifted its holdings in Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WY shares. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Truist Financial reaffirmed a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Finally, Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.81 on Friday. The firm has a 50-day moving average price of $24.35 and a two-hundred day moving average price of $24.53. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The company has a market capitalization of $17.88 billion, a P/E ratio of 38.16, a P/E/G ratio of 1.33 and a beta of 0.89. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. Analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is currently 129.23%.

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.