BNP Paribas Financial Markets Has $43.45 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

BNP Paribas Financial Markets raised its stake in Weyerhaeuser (NYSE:WY) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,543,638 shares of the real estate investment trust’s stock after acquiring an additional 75,724 shares during the quarter. BNP Paribas Financial Markets owned about 0.21% of Weyerhaeuser worth $43,453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. South Plains Financial Inc. acquired a new stake in Weyerhaeuser during the 4th quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $36,000. TD Waterhouse Canada Inc. grew its stake in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 807 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Weyerhaeuser during the fourth quarter worth about $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $25.83 on Thursday. The company’s 50 day moving average price is $27.60 and its two-hundred day moving average price is $29.31. The firm has a market capitalization of $18.73 billion, a P/E ratio of 46.96, a P/E/G ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $0.16 EPS. Weyerhaeuser’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.25%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 168.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, CIBC reduced their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

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.