Sumitomo Life Insurance Co. Lowers Stock Holdings in Weyerhaeuser (NYSE:WY)

Sumitomo Life Insurance Co. lowered its position in Weyerhaeuser (NYSE:WY) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,539 shares of the real estate investment trust’s stock after selling 797 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Weyerhaeuser were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of WY. Oak Thistle LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at $1,214,000. Czech National Bank lifted its stake in Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. boosted its position in Weyerhaeuser by 148.2% during the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after buying an additional 75,000 shares during the period. Franklin Resources Inc. grew its stake in shares of Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after buying an additional 67,314 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Weyerhaeuser by 10.5% in the fourth quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock worth $54,231,000 after buying an additional 181,973 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WY. Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, December 6th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Weyerhaeuser Trading Up 1.7 %

Shares of WY opened at $31.06 on Friday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. 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 firm’s 50-day moving average price is $29.73 and its 200-day moving average price is $30.90. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 41.97 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Sell-side analysts anticipate that Weyerhaeuser will post 0.49 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

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.