Weyerhaeuser (NYSE:WY) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Weyerhaeuser (NYSE:WY - Free Report) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,467,914 shares of the real estate investment trust's stock after acquiring an additional 313,583 shares during the quarter. BNP Paribas Financial Markets owned about 0.20% of Weyerhaeuser worth $49,704,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WY. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter valued at $25,000. Ridgewood Investments LLC purchased a new position in Weyerhaeuser in the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Weyerhaeuser in the 2nd quarter valued at about $27,000. Finally, Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 651 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the subject of a number of research reports. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Argus raised Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Finally, Truist Financial increased their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.33.

Weyerhaeuser Stock Up 0.3 %

Shares of WY stock traded up $0.11 during mid-day trading on Friday, hitting $32.26. 2,107,938 shares of the stock traded hands, compared to its average volume of 3,601,786. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market cap of $23.44 billion, a P/E ratio of 43.72 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock's fifty day moving average is $32.20 and its two-hundred day moving average is $30.82.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O'rourke acquired 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

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.