BNP Paribas Financial Markets Lowers Stock Position in Weyerhaeuser Company $WY

Key Points

• BNP Paribas Financial Markets reduced its holdings in Weyerhaeuser Company by 0.9% in Q1, now owning approximately 1.53 million shares valued at $44.79 million.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, resulting in an annual yield of 3.2%, though the dividend payout ratio is high at 221.05%.
• Weyerhaeuser's board approved a $1 billion share repurchase plan, indicating confidence in the stock's value, as institutional ownership currently stands at 82.99%.

BNP Paribas Financial Markets decreased its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,529,695 shares of the real estate investment trust's stock after selling 13,943 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of Weyerhaeuser worth $44,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Weyerhaeuser in the 1st quarter valued at about $31,000. Costello Asset Management INC bought a new position in Weyerhaeuser in the 1st quarter valued at about $32,000. Finally, Marshall Investment Management LLC bought a new position in Weyerhaeuser in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WY. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Truist Financial decreased their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Stock Up 2.9%

Shares of NYSE WY traded up $0.73 during trading on Thursday, hitting $25.55. The stock had a trading volume of 3,865,356 shares, compared to its average volume of 4,073,778. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market capitalization of $18.43 billion, a PE ratio of 67.23, a PEG ratio of 79.23 and a beta of 1.07. The firm has a fifty day moving average of $25.86 and a two-hundred day moving average of $26.83.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Weyerhaeuser announced that its Board of Directors has authorized a share repurchase plan 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 repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was bought 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 owned 21,478 shares of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.27% of the company's stock.

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.