Weyerhaeuser Company $WY Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Weyerhaeuser Company (NYSE:WY) by 17.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,900 shares of the real estate investment trust’s stock after selling 48,885 shares during the period. Handelsbanken Fonder AB’s holdings in Weyerhaeuser were worth $5,360,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Essential Partners LLC boosted its stake in shares of Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,208 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 617 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 757 shares in the last quarter. Bayban acquired a new position in Weyerhaeuser in the 4th quarter worth about $41,000. Finally, Costello Asset Management INC raised its holdings in Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. Finally, DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Stock Down 1.1%

NYSE WY opened at $24.55 on Friday. The business has a fifty day moving average price of $24.35 and a 200 day moving average price of $24.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The company has a market cap of $17.70 billion, a P/E ratio of 37.78, a P/E/G ratio of 1.33 and a beta of 0.89. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s payout ratio is presently 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.