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

AlphaQuest LLC trimmed its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 94.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,004 shares of the real estate investment trust's stock after selling 91,617 shares during the quarter. AlphaQuest LLC's holdings in Weyerhaeuser were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares during the last quarter. State Street Corp boosted its holdings in shares of Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock worth $1,063,463,000 after buying an additional 761,757 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after buying an additional 217,510 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock worth $252,958,000 after buying an additional 245,962 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Weyerhaeuser by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust's stock worth $247,793,000 after buying an additional 249,257 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a report on Friday, December 6th. Finally, CIBC raised shares of 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 presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Stock Performance

NYSE WY traded down $0.94 during trading on Friday, hitting $29.18. 6,187,678 shares of the company's stock traded hands, compared to its average volume of 3,367,222. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The business has a 50 day moving average of $29.99 and a 200-day moving average of $30.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. Weyerhaeuser's dividend payout ratio is currently 152.73%.

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.