Ameriprise Financial Inc. Raises Stake in Weyerhaeuser Company $WY

Key Points

• Ameriprise Financial Inc. increased its stake in Weyerhaeuser Company by 3.8%, acquiring an additional 53,127 shares, bringing its total ownership to approximately $42.5 million.
• Weyerhaeuser's recent quarterly earnings report showed $0.12 EPS, exceeding expectations, but the company's revenue declined by 2.8% year-over-year.
• The company announced a $0.21 quarterly dividend and a stock buyback program allowing for up to $1 billion in share repurchases.

Ameriprise Financial Inc. increased its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,451,413 shares of the real estate investment trust's stock after purchasing an additional 53,127 shares during the period. Ameriprise Financial Inc. owned approximately 0.20% of Weyerhaeuser worth $42,497,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norinchukin Bank The grew its position in Weyerhaeuser by 14.3% in the first quarter. Norinchukin Bank The now owns 35,682 shares of the real estate investment trust's stock valued at $1,045,000 after acquiring an additional 4,459 shares during the last quarter. CW Advisors LLC grew its position in Weyerhaeuser by 10.7% in the first quarter. CW Advisors LLC now owns 61,358 shares of the real estate investment trust's stock valued at $1,797,000 after acquiring an additional 5,932 shares during the last quarter. Summit Financial LLC grew its position in Weyerhaeuser by 11.8% in the first quarter. Summit Financial LLC now owns 29,523 shares of the real estate investment trust's stock valued at $864,000 after acquiring an additional 3,115 shares during the last quarter. Tribune Investment Group LP bought a new position in Weyerhaeuser in the first quarter valued at about $6,734,000. Finally, Capital Analysts LLC grew its position in Weyerhaeuser by 126.3% in the first quarter. Capital Analysts LLC now owns 7,995 shares of the real estate investment trust's stock valued at $234,000 after acquiring an additional 4,462 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Stock Down 0.3%

Weyerhaeuser stock traded down $0.07 during trading on Friday, hitting $25.88. 3,311,680 shares of the company were exchanged, compared to its average volume of 3,821,847. The business's 50 day moving average is $25.94 and its 200 day moving average is $26.91. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market capitalization of $18.67 billion, a P/E ratio of 68.11, a PEG ratio of 79.23 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 announced its quarterly earnings data 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. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is 221.05%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WY. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Citigroup decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, DA Davidson cut their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

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.