Weyerhaeuser Company $WY Shares Acquired by Amundi

Key Points

• Amundi increased its Weyerhaeuser stake by 25.9% in the second quarter, adding 700,603 shares to own 3.41 million shares worth approximately $81.5 million. Institutional investors collectively held 82.99% of the company’s stock.
• Analysts maintained a generally positive outlook, with Weyerhaeuser carrying a consensus “Moderate Buy” rating and an average price target of $28.67.
• Weyerhaeuser reported quarterly EPS of $0.13, exceeding estimates of $0.08, while revenue reached $1.87 billion. The company also declared a quarterly dividend of $0.21 per share, representing a 3.7% annualized yield.

Amundi lifted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 25.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,406,041 shares of the real estate investment trust's stock after purchasing an additional 700,603 shares during the quarter. Amundi owned about 0.47% of Weyerhaeuser worth $81,541,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WY. Parkside Financial Bank & Trust increased its position in shares of Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 428 shares in the last quarter. Summit Financial LLC boosted its position in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust's stock worth $771,000 after buying an additional 428 shares in the last quarter. BOKF NA grew its stake in Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock valued at $260,000 after acquiring an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 472 shares during the last quarter. Finally, New Mexico Educational Retirement Board increased its holdings in Weyerhaeuser by 1.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust's stock valued at $787,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings upgraded Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. DA Davidson reiterated a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, September 3rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $30.00 price target on shares of Weyerhaeuser in a report on Friday, July 17th. Finally, Truist Financial reaffirmed a "hold" rating and set a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.67.

Weyerhaeuser Price Performance

WY opened at $22.61 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a 50 day moving average of $24.03 and a two-hundred day moving average of $24.16. The company has a market cap of $16.30 billion, a P/E ratio of 34.79, a P/E/G ratio of 2.16 and a beta of 0.87.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts expect that Weyerhaeuser Company will post 0.33 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is currently 129.23%.

About Weyerhaeuser

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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