Axa S.A. Purchases 10,036 Shares of Weyerhaeuser (NYSE:WY)

Axa S.A. lifted its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 123.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,197 shares of the real estate investment trust's stock after buying an additional 10,036 shares during the period. Axa S.A.'s holdings in Weyerhaeuser were worth $512,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. South Plains Financial Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $25,000. Assetmark Inc. lifted its stake in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc purchased a new stake in Weyerhaeuser during the fourth quarter valued at about $36,000. TD Waterhouse Canada Inc. grew its stake in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $44,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 1.0 %

WY opened at $26.20 on Friday. The stock has a market cap of $19.00 billion, a PE ratio of 47.64, a PEG ratio of 4.74 and a beta of 1.15. The business has a 50 day moving average of $27.40 and a 200-day moving average of $29.23. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. 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 - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has approved a share repurchase program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. CIBC reduced their price target on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $33.75.

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.

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