Wealth Effects LLC Purchases New Position in Weyerhaeuser Company $WY

Key Points

• Wealth Effects LLC has acquired a new position in Weyerhaeuser Company, purchasing 14,000 shares valued at approximately $360,000 during the second quarter.
• Insider buying was noted, with Director Sara Grootwassink Lewis purchasing 4,000 shares at an average price of $25.29, indicating a 22.89% increase in her position.
• Weyerhaeuser recently reported quarterly earnings of $0.12 per share, beating estimates and showcasing a 3.97% net margin, despite a revenue decline of 2.8% year-over-year.

Wealth Effects LLC purchased a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,000 shares of the real estate investment trust's stock, valued at approximately $360,000.

Other institutional investors have also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the first quarter valued at about $31,000. Costello Asset Management INC bought a new stake in Weyerhaeuser during the first quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the first quarter worth about $36,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Weyerhaeuser during the first quarter worth about $40,000. Institutional investors own 82.99% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WY shares. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Citigroup lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, CIBC cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.37 on Wednesday. The company has a market cap of $17.58 billion, a P/E ratio of 64.13, a PEG ratio of 85.06 and a beta of 1.07. The company has a fifty day simple moving average of $25.56 and a 200 day simple moving average of $26.31. 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 Company has a 12-month low of $23.98 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 analysts' consensus estimates 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 business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's payout ratio is currently 221.05%.

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.

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