BNP Paribas Financial Markets lifted its position in Weyerhaeuser (NYSE:WY – Free Report) by 27.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,467,914 shares of the real estate investment trust’s stock after acquiring an additional 313,583 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of Weyerhaeuser worth $49,704,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in Weyerhaeuser in the first quarter valued at about $340,000. Janus Henderson Group PLC grew its position in shares of Weyerhaeuser by 4.7% in the 1st quarter. Janus Henderson Group PLC now owns 451,478 shares of the real estate investment trust’s stock valued at $16,211,000 after purchasing an additional 20,425 shares during the period. PGGM Investments increased its stake in Weyerhaeuser by 12.5% during the 1st quarter. PGGM Investments now owns 96,337 shares of the real estate investment trust’s stock worth $3,459,000 after purchasing an additional 10,722 shares in the last quarter. Cetera Investment Advisers raised its holdings in Weyerhaeuser by 115.1% during the 1st quarter. Cetera Investment Advisers now owns 68,988 shares of the real estate investment trust’s stock worth $2,477,000 after buying an additional 36,914 shares during the period. Finally, Cetera Advisors LLC lifted its stake in Weyerhaeuser by 83.9% in the first quarter. Cetera Advisors LLC now owns 21,698 shares of the real estate investment trust’s stock valued at $779,000 after buying an additional 9,896 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.
Insider Activity
In related news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on WY
Weyerhaeuser Stock Up 1.4 %
NYSE:WY opened at $32.35 on Friday. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 43.72 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $30.82.
Weyerhaeuser (NYSE:WY – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.
Weyerhaeuser Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.47%. Weyerhaeuser’s dividend payout ratio is 108.11%.
Weyerhaeuser Profile
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.
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