BNP Paribas Financial Markets Buys 964,297 Shares of Weyerhaeuser Company $WY

BNP Paribas Financial Markets lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 80.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,157,006 shares of the real estate investment trust’s stock after purchasing an additional 964,297 shares during the quarter. BNP Paribas Financial Markets owned 0.30% of Weyerhaeuser worth $51,099,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Weyerhaeuser during the 4th quarter valued at about $549,531,000. Eurizon SLJ Capital Ltd purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth about $57,000. Fideuram Asset Management Ireland dac purchased a new position in Weyerhaeuser during the fourth quarter valued at approximately $830,000. Inspire Trust Co. N.A. increased its holdings in Weyerhaeuser by 15.6% during the 4th quarter. Inspire Trust Co. N.A. now owns 272,000 shares of the real estate investment trust’s stock worth $6,444,000 after acquiring an additional 36,800 shares during the period. Finally, Savant Capital LLC lifted its stake in Weyerhaeuser by 7.7% in the 4th quarter. Savant Capital LLC now owns 9,350 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 669 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.7%

WY stock opened at $24.35 on Wednesday. The company has a market capitalization of $17.56 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86. The company’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $24.24.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WY shares. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Citigroup cut their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.88.

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.