J. Goldman & Co LP Acquires New Holdings in Weyerhaeuser (NYSE:WY)

J. Goldman & Co LP bought a new position in Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 547,439 shares of the real estate investment trust's stock, valued at approximately $15,410,000. J. Goldman & Co LP owned approximately 0.08% of Weyerhaeuser as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC raised its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares during the period. Texas Yale Capital Corp. lifted its position in Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 385 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 416 shares during the last quarter. Unison Advisors LLC lifted its position in Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 419 shares during the last quarter. Finally, Wahed Invest LLC boosted its holdings in Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock valued at $510,000 after acquiring an additional 420 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $26.20 on Friday. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market cap of $19.00 billion, a P/E ratio of 47.64, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The firm's 50-day simple moving average is $27.40 and its 200-day simple moving average is $29.21.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The company's quarterly revenue was down 4.9% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has authorized a share buyback plan on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase 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 stock is undervalued.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Analyst Ratings Changes

Several research firms recently weighed in on WY. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

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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