Skandinaviska Enskilda Banken AB publ trimmed its position in Weyerhaeuser (NYSE:WY – Get Rating) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,234,029 shares of the real estate investment trust’s stock after selling 287,424 shares during the period. Weyerhaeuser makes up approximately 0.7% of Skandinaviska Enskilda Banken AB publ’s holdings, making the stock its 26th biggest holding. Skandinaviska Enskilda Banken AB publ owned 0.43% of Weyerhaeuser worth $132,498,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Weyerhaeuser by 2.4% in the third quarter. BlackRock Inc. now owns 57,127,165 shares of the real estate investment trust’s stock valued at $2,032,013,000 after acquiring an additional 1,344,717 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Weyerhaeuser by 3.2% in the third quarter. Cohen & Steers Inc. now owns 37,392,313 shares of the real estate investment trust’s stock valued at $1,330,363,000 after acquiring an additional 1,164,899 shares in the last quarter. Invesco Ltd. boosted its stake in Weyerhaeuser by 7.7% in the third quarter. Invesco Ltd. now owns 17,186,930 shares of the real estate investment trust’s stock valued at $611,337,000 after acquiring an additional 1,235,089 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 0.7% during the third quarter. Geode Capital Management LLC now owns 15,948,948 shares of the real estate investment trust’s stock worth $566,244,000 after buying an additional 104,552 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Weyerhaeuser by 1.9% during the fourth quarter. Northern Trust Corp now owns 11,581,999 shares of the real estate investment trust’s stock worth $476,946,000 after buying an additional 212,073 shares during the period. Institutional investors own 82.38% of the company’s stock.
WY has been the subject of several research reports. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective for the company. in a research note on Monday, May 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $41.00.
Weyerhaeuser (NYSE:WY – Get Rating) last released its earnings results on Friday, April 29th. The real estate investment trust reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.24. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. As a group, equities analysts anticipate that Weyerhaeuser will post 2.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 1.79%. Weyerhaeuser’s payout ratio is presently 20.06%.
About Weyerhaeuser (Get Rating)
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.
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