AQR Capital Management LLC Sells 154,514 Shares of Weyerhaeuser (NYSE:WY)

AQR Capital Management LLC reduced its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 44.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 195,700 shares of the real estate investment trust's stock after selling 154,514 shares during the quarter. AQR Capital Management LLC's holdings in Weyerhaeuser were worth $5,520,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Weyerhaeuser by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust's stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares during the period. Wellington Management Group LLP boosted its position in Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust's stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Weyerhaeuser by 3.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust's stock worth $187,351,000 after acquiring an additional 193,087 shares during the period. Principal Financial Group Inc. raised its position in shares of Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust's stock worth $93,584,000 after acquiring an additional 804,650 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Weyerhaeuser by 31.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust's stock valued at $90,247,000 after purchasing an additional 769,149 shares during the period. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. BMO Capital Markets reiterated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $35.83.

Weyerhaeuser Stock Performance

Shares of WY traded down $0.05 during mid-day trading on Friday, hitting $32.88. The stock had a trading volume of 3,277,098 shares, compared to its average volume of 3,658,842. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The business has a fifty day moving average price of $31.55 and a 200-day moving average price of $31.12. The firm has a market cap of $23.91 billion, a P/E ratio of 29.89 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. On average, equities research analysts expect that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser's dividend payout ratio is presently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the business's stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company's stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated 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 transaction, the director now owns 17,672 shares of the company's stock, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Albert Monaco bought 31,500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.27% of the company's stock.

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.