Amundi Acquires 934,476 Shares of Weyerhaeuser Company $WY

Key Points

• Amundi increased its stake in Weyerhaeuser Company by 32.2% during the first quarter, acquiring an additional 934,476 shares, bringing its total ownership to approximately 3.84 million shares valued at $105.24 million.
• Weyerhaeuser recently reported $0.12 EPS for its latest quarter, slightly exceeding the estimated $0.10, although revenue saw a year-over-year decline of 2.8% to $1.88 billion.
• The company announced a quarterly dividend of $0.21 per share, set to be paid on September 12th, representing a 3.2% yield, but with a payout ratio currently at 221.05%.

Amundi raised its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 32.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,836,831 shares of the real estate investment trust's stock after buying an additional 934,476 shares during the quarter. Amundi owned approximately 0.53% of Weyerhaeuser worth $105,244,000 as of its most recent SEC filing.

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

Weyerhaeuser Price Performance

NYSE:WY traded up $0.76 during mid-day trading on Thursday, reaching $25.86. 4,472,355 shares of the stock were exchanged, compared to its average volume of 3,779,178. 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 business has a fifty day moving average price of $25.79 and a 200 day moving average price of $26.67. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The firm has a market capitalization of $18.66 billion, a PE ratio of 68.05, a PEG ratio of 79.38 and a beta of 1.07.

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

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser's payout ratio is 221.05%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were purchased at an average price 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 in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WY. Truist Financial decreased their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.75.

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.