Woodline Partners LP Has $6.57 Million Position 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 lifted its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 816.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,472 shares of the real estate investment trust's stock after acquiring an additional 199,990 shares during the quarter. Woodline Partners LP's holdings in Weyerhaeuser were worth $6,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WY. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $27,000. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser during the first quarter worth approximately $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser during the first quarter worth approximately $31,000. Costello Asset Management INC bought a new stake in Weyerhaeuser during the first quarter worth approximately $32,000. Finally, Marshall Investment Management LLC bought a new stake in Weyerhaeuser during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

WY traded up $0.25 during trading on Thursday, hitting $24.74. The stock had a trading volume of 890,286 shares, compared to its average volume of 4,056,611. The firm has a market cap of $17.85 billion, a PE ratio of 65.12, a P/E/G ratio of 78.87 and a beta of 1.07. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $25.69 and a 200-day simple moving average of $26.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its 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 firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Truist Financial reduced 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 objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. DA Davidson decreased their price objective 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. Finally, CIBC decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

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.