1,812,200 Shares in Weyerhaeuser Company $WY Bought by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. acquired a new stake of 1,812,200 shares in Weyerhaeuser Company, valued at approximately $53 million, representing about 0.25% ownership as of their latest SEC filing.
• Weyerhaeuser's recent quarterly earnings reported an EPS of $0.12, surpassing analysts' expectations, although total revenue of $1.88 billion fell short of projections.
• The company's Board of Directors has initiated a $1 billion share buyback program, indicating management believes the stock may be undervalued.

Adage Capital Partners GP L.L.C. bought a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,812,200 shares of the real estate investment trust's stock, valued at approximately $53,061,000. Adage Capital Partners GP L.L.C. owned about 0.25% of Weyerhaeuser at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser during the fourth quarter valued at approximately $27,000. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser during the first quarter valued at approximately $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 acquired a new stake in Weyerhaeuser during the first quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the first quarter valued at approximately $36,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. cut their target price on shares of 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 cut their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Truist Financial reduced their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Trading Up 2.2%

Shares of NYSE:WY traded up $0.55 during mid-day trading on Friday, hitting $26.10. The stock had a trading volume of 3,452,715 shares, compared to its average volume of 3,675,931. The company has a market cap of $18.83 billion, a PE ratio of 68.69, a P/E/G ratio of 80.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company's 50 day moving average is $25.85 and its 200-day moving average is $26.76. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is currently 221.05%.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser 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.