AlphaQuest LLC Sells 91,617 Shares of Weyerhaeuser (NYSE:WY)

AlphaQuest LLC reduced its holdings in Weyerhaeuser (NYSE:WY) by 94.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,004 shares of the real estate investment trust’s stock after selling 91,617 shares during the period. AlphaQuest LLC’s holdings in Weyerhaeuser were worth $141,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WY. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% in the 4th 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 during the period. Asset Planning Inc bought a new position in Weyerhaeuser in the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. increased its position in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $57,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock opened at $30.00 on Tuesday. The stock’s fifty day simple moving average is $29.86 and its 200 day simple moving average is $30.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 54.54, a P/E/G ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.80%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is currently 152.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Truist Financial decreased their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.00.

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.