Swiss National Bank Sells 73,000 Shares of Weyerhaeuser (NYSE:WY)

Swiss National Bank decreased its position in Weyerhaeuser (NYSE:WY) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,282,333 shares of the real estate investment trust’s stock after selling 73,000 shares during the quarter. Swiss National Bank’s holdings in Weyerhaeuser were worth $79,357,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SVB Wealth LLC lifted its holdings in Weyerhaeuser by 5.3% in the 3rd quarter. SVB Wealth LLC now owns 10,998 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 551 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Weyerhaeuser by 11.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,278 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 1,035 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Weyerhaeuser during the third quarter worth approximately $1,878,000. Mackenzie Financial Corp lifted its holdings in shares of Weyerhaeuser by 0.7% during the third quarter. Mackenzie Financial Corp now owns 92,093 shares of the real estate investment trust’s stock worth $2,717,000 after buying an additional 614 shares during the last quarter. Finally, Grandfield & Dodd LLC lifted its holdings in shares of Weyerhaeuser by 2.2% during the third quarter. Grandfield & Dodd LLC now owns 632,044 shares of the real estate investment trust’s stock worth $19,378,000 after buying an additional 13,690 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.09 on Friday. The stock’s fifty day moving average is $33.69 and its 200-day moving average is $32.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The stock has a market capitalization of $22.67 billion, a PE ratio of 28.26 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada cut their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.67.

Weyerhaeuser 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.