Lansforsakringar Fondforvaltning AB publ Has $23.60 Million Stock Holdings in Weyerhaeuser Company $WY

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 806,062 shares of the real estate investment trust’s stock after acquiring an additional 9,022 shares during the period. Lansforsakringar Fondforvaltning AB publ owned 0.11% of Weyerhaeuser worth $23,601,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Weyerhaeuser by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock worth $3,331,356,000 after acquiring an additional 339,884 shares during the period. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock worth $1,047,234,000 after acquiring an additional 193,854 shares during the period. JPMorgan Chase & Co. grew its holdings in Weyerhaeuser by 3.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock worth $349,368,000 after acquiring an additional 440,163 shares during the period. Northern Trust Corp boosted its position in shares of Weyerhaeuser by 3.5% during the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust’s stock worth $268,498,000 after purchasing an additional 322,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock worth $267,561,000 after purchasing an additional 151,929 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Truist Financial reduced their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. DA Davidson reduced their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.88.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 0.7%

WY opened at $25.94 on Friday. The stock has a market capitalization of $18.71 billion, a P/E ratio of 68.25, a P/E/G ratio of 79.99 and a beta of 1.08. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The firm’s fifty day simple moving average is $25.94 and its 200 day simple moving average is $26.95. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Weyerhaeuser’s payout ratio is presently 221.05%.

Weyerhaeuser announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Weyerhaeuser Company Profile

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.