KLP Kapitalforvaltning AS Purchases New Stake in Weyerhaeuser (NYSE:WY)

KLP Kapitalforvaltning AS purchased a new position in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 396,081 shares of the real estate investment trust’s stock, valued at approximately $11,150,000. KLP Kapitalforvaltning AS owned about 0.05% of Weyerhaeuser as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WY. Truist Financial Corp boosted its holdings in shares of Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 1,373 shares during the period. Oak Thistle LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $1,214,000. Sonora Investment Management Group LLC increased its stake in shares of Weyerhaeuser by 56.5% during the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 18,698 shares during the period. Czech National Bank raised its holdings in shares of Weyerhaeuser by 6.3% during the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after acquiring an additional 9,377 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its stake in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $29.55 on Tuesday. The stock’s 50 day moving average is $30.04 and its 200 day moving average is $30.74. The company has a market capitalization of $21.44 billion, a P/E ratio of 53.72, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analyst Ratings Changes

WY has been the subject of several research reports. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.