Graham Capital Management L.P. Invests $643,000 in Weyerhaeuser Company $WY

Key Points

• Graham Capital Management L.P. acquired a new stake in Weyerhaeuser Company, purchasing 21,977 shares valued at approximately $643,000.
• Weyerhaeuser has reported earnings of $0.12 per share for the last quarter, exceeding analysts' expectations, but its revenue fell 2.8% year-over-year to $1.88 billion.
• The company recently announced a quarterly dividend of $0.21, which will be paid on September 12th, indicating a dividend yield of 3.2%.

Graham Capital Management L.P. acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,977 shares of the real estate investment trust's stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WY. Fourth Dimension Wealth LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $27,000. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser in the first quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser during the first quarter valued at approximately $31,000. Costello Asset Management INC bought a new position in Weyerhaeuser during the 1st quarter worth approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter worth approximately $36,000. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. CIBC cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. DA Davidson lowered their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.75.

Weyerhaeuser Trading Up 3.0%

WY stock traded up $0.76 during mid-day trading on Thursday, reaching $25.86. 4,472,355 shares of the stock traded hands, compared to its average volume of 3,779,178. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The stock's fifty day moving average is $25.79 and its 200-day moving average is $26.67. The company has a market cap of $18.66 billion, a P/E ratio of 68.05, a P/E/G ratio of 79.38 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

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.