AG2R LA Mondiale Gestion D Actifs Purchases New Position in Weyerhaeuser Company $WY

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 42,380 shares of Weyerhaeuser Company, valued at approximately $1,241,000, in the first quarter.
• Weyerhaeuser's quarterly earnings beat analysts' estimates with $0.12 earnings per share, despite revenue falling short of expectations.
• Institutional investors and hedge funds own 82.99% of Weyerhaeuser's stock, highlighting strong institutional interest in the company.

AG2R LA Mondiale Gestion D Actifs bought a new position in Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,380 shares of the real estate investment trust's stock, valued at approximately $1,241,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Cetera Investment Advisers lifted its holdings in Weyerhaeuser by 12.5% in the 4th quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust's stock worth $1,979,000 after purchasing an additional 7,810 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Weyerhaeuser by 101.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 141,681 shares of the real estate investment trust's stock worth $3,988,000 after purchasing an additional 71,447 shares during the last quarter. Focus Partners Wealth lifted its holdings in Weyerhaeuser by 11.9% in the 4th quarter. Focus Partners Wealth now owns 37,174 shares of the real estate investment trust's stock worth $1,078,000 after purchasing an additional 3,965 shares during the last quarter. Millennium Management LLC lifted its holdings in Weyerhaeuser by 2.5% in the 4th quarter. Millennium Management LLC now owns 102,544 shares of the real estate investment trust's stock worth $2,887,000 after purchasing an additional 2,532 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its holdings in Weyerhaeuser by 20.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 30,556 shares of the real estate investment trust's stock worth $860,000 after purchasing an additional 5,150 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Citigroup dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. DA Davidson dropped their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. CIBC dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday. Finally, Truist Financial dropped their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.75.

Weyerhaeuser Stock Performance

WY opened at $24.94 on Friday. The stock has a market cap of $17.99 billion, a PE ratio of 65.63, a P/E/G ratio of 81.69 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The stock's 50 day simple moving average is $25.76 and its 200-day simple moving average is $26.61.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Sell-side analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's dividend payout ratio is 221.05%.

Weyerhaeuser 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.

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