Weyerhaeuser (NYSE:WY) Stake Raised by Quest Partners LLC

Quest Partners LLC lifted its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 146.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,621 shares of the real estate investment trust's stock after buying an additional 57,412 shares during the period. Quest Partners LLC's holdings in Weyerhaeuser were worth $3,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the third quarter valued at approximately $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after buying an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser in the second quarter worth $27,000. Finally, Bangor Savings Bank lifted its stake in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 651 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

WY traded up $0.09 during trading on Monday, reaching $31.02. The stock had a trading volume of 1,904,174 shares, compared to its average volume of 3,616,761. The stock has a 50 day moving average of $32.32 and a two-hundred day moving average of $30.79. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 41.92 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the business posted $0.33 earnings per share. The company's quarterly revenue was down 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's dividend payout ratio is presently 108.11%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

WY has been the subject of several recent research reports. Citigroup lowered 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. DA Davidson decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Argus raised Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. BMO Capital Markets reissued a "market perform" rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.33.

About Weyerhaeuser

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.