Swiss National Bank Boosts Position in Weyerhaeuser (NYSE:WY)

Swiss National Bank grew its position in Weyerhaeuser (NYSE:WY) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,163,933 shares of the real estate investment trust’s stock after purchasing an additional 4,000 shares during the period. Swiss National Bank’s holdings in Weyerhaeuser were worth $73,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC raised its position in Weyerhaeuser by 5.3% during the third quarter. Mutual of America Capital Management LLC now owns 189,758 shares of the real estate investment trust’s stock worth $6,425,000 after acquiring an additional 9,569 shares during the last quarter. Natixis Advisors LLC lifted its stake in Weyerhaeuser by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock valued at $5,417,000 after buying an additional 10,798 shares in the last quarter. Empowered Funds LLC grew its holdings in Weyerhaeuser by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust’s stock valued at $1,460,000 after buying an additional 2,129 shares during the last quarter. CIBC Asset Management Inc increased its position in Weyerhaeuser by 8.0% during the third quarter. CIBC Asset Management Inc now owns 106,402 shares of the real estate investment trust’s stock worth $3,603,000 after buying an additional 7,911 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Weyerhaeuser by 6.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,000 shares of the real estate investment trust’s stock worth $745,000 after acquiring an additional 1,404 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Price Performance

WY stock opened at $30.68 on Wednesday. The company has a market cap of $22.29 billion, a PE ratio of 41.45 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $32.32 and a two-hundred day moving average price of $30.79. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WY. Truist Financial lifted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.33.

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.