Swiss National Bank Has $57.84 Million Stake in Weyerhaeuser (NYSE:WY)

Swiss National Bank cut its stake in shares of Weyerhaeuser (NYSE:WY) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,054,633 shares of the real estate investment trust’s stock after selling 109,300 shares during the quarter. Swiss National Bank owned approximately 0.28% of Weyerhaeuser worth $57,838,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Truist Financial Corp lifted its position in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 1,373 shares during the period. Oak Thistle LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at $1,214,000. Sonora Investment Management Group LLC boosted its position in Weyerhaeuser by 56.5% during the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after acquiring an additional 18,698 shares during the last quarter. Czech National Bank grew its holdings in Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. raised its position in shares of Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on WY. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Up 2.0 %

Weyerhaeuser stock opened at $29.53 on Friday. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The firm’s fifty day moving average price is $29.83 and its two-hundred day moving average price is $30.77. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. Weyerhaeuser’s payout ratio is presently 152.73%.

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.