Weyerhaeuser Company $WY Shares Purchased by Alliancebernstein L.P.

Key Points

• AllianceBernstein L.P. has increased its stake in Weyerhaeuser Company by 1.5%, now owning 995,416 shares valued at approximately $29 million, accounting for 0.14% of the company's total shares.
• Weyerhaeuser reported earnings of $0.12 per share for the last quarter, surpassing expectations of $0.10, although its revenue of $1.88 billion fell short of the $1.94 billion estimate.
• The company announced a quarterly dividend of $0.21 per share, yielding 3.3%, with a high dividend payout ratio of 221.05%.

Alliancebernstein L.P. increased its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 995,416 shares of the real estate investment trust's stock after acquiring an additional 14,579 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of Weyerhaeuser worth $29,146,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of WY. Fourth Dimension Wealth LLC purchased a new position in Weyerhaeuser in the fourth quarter valued at $27,000. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser in the first quarter valued at $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser in the first quarter valued at $32,000. Finally, Marshall Investment Management LLC purchased a new position in Weyerhaeuser in the first quarter valued at $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY traded down $0.89 during mid-day trading on Friday, hitting $24.94. 3,709,414 shares of the company's stock were exchanged, compared to its average volume of 3,837,763. Weyerhaeuser Company has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm has a market capitalization of $17.99 billion, a P/E ratio of 65.63, a P/E/G ratio of 81.69 and a beta of 1.07. The business's 50 day moving average is $25.79 and its two-hundred day moving average is $26.67. 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 earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Analyst Ratings Changes

Several research firms recently commented on WY. Truist Financial dropped their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. CIBC dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Thursday. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Finally, Citigroup dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average target price of $32.75.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

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.