AlphaQuest LLC Purchases 8,497 Shares of Weyerhaeuser Company $WY

AlphaQuest LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 169.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,501 shares of the real estate investment trust’s stock after purchasing an additional 8,497 shares during the quarter. AlphaQuest LLC’s holdings in Weyerhaeuser were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Cutler Capital Management LLC grew its stake in Weyerhaeuser by 4.8% in the first quarter. Cutler Capital Management LLC now owns 158,888 shares of the real estate investment trust’s stock valued at $4,652,000 after purchasing an additional 7,227 shares in the last quarter. Allstate Corp grew its stake in Weyerhaeuser by 38.4% in the first quarter. Allstate Corp now owns 30,018 shares of the real estate investment trust’s stock valued at $879,000 after purchasing an additional 8,327 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Weyerhaeuser by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 1,451,413 shares of the real estate investment trust’s stock valued at $42,497,000 after purchasing an additional 53,127 shares in the last quarter. Norinchukin Bank The grew its stake in Weyerhaeuser by 14.3% in the first quarter. Norinchukin Bank The now owns 35,682 shares of the real estate investment trust’s stock valued at $1,045,000 after purchasing an additional 4,459 shares in the last quarter. Finally, CW Advisors LLC grew its stake in Weyerhaeuser by 10.7% in the first quarter. CW Advisors LLC now owns 61,358 shares of the real estate investment trust’s stock valued at $1,797,000 after purchasing an additional 5,932 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WY. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. The Goldman Sachs Group downgraded Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser Stock Performance

NYSE:WY opened at $26.15 on Thursday. The stock has a market cap of $18.87 billion, a P/E ratio of 68.81, a PEG ratio of 80.15 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $25.94 and a 200 day simple moving average of $26.98. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. Research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser’s payout ratio is currently 221.05%.

Weyerhaeuser declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.