Woodline Partners LP Boosts Stake in Weyerhaeuser Company $WY

Key Points

• Woodline Partners LP significantly increased its stake in Weyerhaeuser Company by 816.9% in Q1, owning 224,472 shares worth approximately $6.57 million after acquiring an additional 199,990 shares.
• Weyerhaeuser recently reported a quarterly EPS of $0.12, slightly exceeding the consensus estimate of $0.10, but its revenue of $1.88 billion fell short of analysts’ expectations of $1.94 billion.
• The company announced a quarterly dividend of $0.21 per share, representing an annualized dividend yield of 3.4%, despite a high dividend payout ratio of 221.05%.

Woodline Partners LP increased its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 816.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 224,472 shares of the real estate investment trust's stock after buying an additional 199,990 shares during the period. Woodline Partners LP's holdings in Weyerhaeuser were worth $6,573,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Weyerhaeuser by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock worth $3,331,356,000 after buying an additional 339,884 shares during the period. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock worth $1,047,234,000 after buying an additional 193,854 shares during the period. JPMorgan Chase & Co. boosted its holdings in Weyerhaeuser by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock worth $349,368,000 after buying an additional 440,163 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Weyerhaeuser by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock worth $267,561,000 after buying an additional 151,929 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Weyerhaeuser by 2.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock worth $264,171,000 after buying an additional 213,062 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 3.4%

Shares of WY stock opened at $24.94 on Friday. The stock has a market cap of $17.99 billion, a P/E ratio of 65.63, a PEG ratio of 81.69 and a beta of 1.07. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company's fifty day simple moving average is $25.76 and its two-hundred day simple moving average is $26.63.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $0.21 EPS. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Activity

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 shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company's stock.

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.

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