Quest Partners LLC Increases Stake in Weyerhaeuser (NYSE:WY)

Quest Partners LLC raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 146.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,621 shares of the real estate investment trust’s stock after buying an additional 57,412 shares during the quarter. Quest Partners LLC’s holdings in Weyerhaeuser were worth $3,272,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wedmont Private Capital grew its position in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after acquiring an additional 366 shares in the last quarter. CWM LLC increased its position in shares of Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. Trust Co. of Toledo NA OH raised its holdings in shares of Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after purchasing an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its stake in shares of Weyerhaeuser by 6.6% during the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 406 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 80.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 0.2 %

Shares of WY stock opened at $30.93 on Monday. The company has a market capitalization of $22.47 billion, a P/E ratio of 41.80 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $32.31 and its two-hundred day moving average is $30.79. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Equities analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of analyst reports. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Company 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.