BNP Paribas Financial Markets Buys 276,342 Shares of Weyerhaeuser (NYSE:WY)

BNP Paribas Financial Markets increased its stake in Weyerhaeuser (NYSE:WY - Free Report) by 51.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 814,958 shares of the real estate investment trust's stock after acquiring an additional 276,342 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Weyerhaeuser worth $28,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,131 shares of the real estate investment trust's stock valued at $3,745,000 after acquiring an additional 1,272 shares during the last quarter. TIAA Trust National Association bought a new position in shares of Weyerhaeuser in the third quarter worth approximately $201,000. First Trust Direct Indexing L.P. boosted its stake in Weyerhaeuser by 8.3% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,645 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 813 shares during the last quarter. Congress Wealth Management LLC DE raised its position in Weyerhaeuser by 13.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 52,867 shares of the real estate investment trust's stock worth $1,621,000 after buying an additional 6,275 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Weyerhaeuser during the 3rd quarter valued at about $246,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 0.1 %

NYSE WY traded down $0.02 on Tuesday, reaching $31.19. The stock had a trading volume of 3,007,154 shares, compared to its average volume of 3,418,738. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 28.21 and a beta of 1.47. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $33.31 and a two-hundred day moving average price of $32.86.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. Weyerhaeuser's dividend payout ratio is currently 72.73%.

Insider Transactions at Weyerhaeuser

In other news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company's stock, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Keith O'rear sold 8,349 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

WY has been the subject of a number of research analyst reports. StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. Truist Financial reaffirmed a "hold" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. Royal Bank of Canada decreased their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Monday, April 29th. Finally, BMO Capital Markets upped their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $37.67.

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.