Credit Agricole S A Has $9.29 Million Stock Position in Weyerhaeuser Company $WY

Key Points

• Credit Agricole S A has reduced its stake in Weyerhaeuser Company by 21.5%, now holding 317,430 shares valued at approximately $9.29 million.
• Analyst ratings for Weyerhaeuser are mixed, with one Strong Buy, six Buy, one Hold, and one Sell; the average target price is $32.88.
• The company announced a quarterly dividend of $0.21 per share, which results in a 3.3% yield, and initiated a stock repurchase plan worth $1 billion.

Credit Agricole S A cut its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 317,430 shares of the real estate investment trust's stock after selling 86,734 shares during the period. Credit Agricole S A's holdings in Weyerhaeuser were worth $9,294,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. South Plains Financial Inc. purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser during the fourth quarter worth $27,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $31,000. Finally, Costello Asset Management INC bought a new position in shares of Weyerhaeuser during the first quarter valued at about $32,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson cut their price objective on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, Truist Financial reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Weyerhaeuser Trading Down 1.0%

NYSE:WY opened at $25.7550 on Friday. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average is $25.94 and its 200 day moving average is $27.09. The stock has a market capitalization of $18.58 billion, a PE ratio of 67.78, a price-to-earnings-growth ratio of 79.69 and a beta of 1.08.

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

Weyerhaeuser Dividend Announcement

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

Weyerhaeuser announced that its board has initiated a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

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.

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