PEAK6 LLC Makes New $583,000 Investment in Weyerhaeuser Company $WY

PEAK6 LLC purchased a new stake in Weyerhaeuser Company (NYSE:WY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,594 shares of the real estate investment trust’s stock, valued at approximately $583,000.

A number of other hedge funds have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of Weyerhaeuser by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 184,003 shares of the real estate investment trust’s stock worth $4,378,000 after purchasing an additional 14,492 shares during the period. Flax Pond Capital LLC bought a new stake in Weyerhaeuser during the fourth quarter valued at $1,674,000. Hsbc Holdings PLC boosted its stake in Weyerhaeuser by 6.9% during the fourth quarter. Hsbc Holdings PLC now owns 1,306,310 shares of the real estate investment trust’s stock valued at $30,960,000 after buying an additional 84,201 shares during the period. Bayban purchased a new position in Weyerhaeuser during the fourth quarter worth about $41,000. Finally, SHP Wealth Management purchased a new position in Weyerhaeuser during the fourth quarter worth about $63,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 0.1%

WY opened at $24.35 on Friday. The stock has a market cap of $17.55 billion, a PE ratio of 45.09, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The business’s fifty day simple moving average is $24.23 and its 200 day simple moving average is $24.47.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.21 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s payout ratio is presently 155.56%.

Analyst Ratings Changes

A number of brokerages have weighed in on WY. Citigroup decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.