Traders Purchase Large Volume of Put Options on Weyerhaeuser (NYSE:WY)

Weyerhaeuser Co (NYSE:WY) was the target of unusually large options trading on Tuesday. Traders purchased 3,393 put options on the company. This is an increase of 748% compared to the typical volume of 400 put options.

In related news, SVP James A. Kilberg sold 35,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.50, for a total transaction of $1,067,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Stephens Inc. AR boosted its stake in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Stephens Inc. AR now owns 108,751 shares of the real estate investment trust’s stock worth $2,443,000 after acquiring an additional 360 shares in the last quarter. Cresset Asset Management LLC grew its position in Weyerhaeuser by 0.5% during the second quarter. Cresset Asset Management LLC now owns 76,857 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 375 shares during the period. Telos Capital Management Inc. grew its position in shares of Weyerhaeuser by 3.3% in the second quarter. Telos Capital Management Inc. now owns 12,102 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 387 shares during the last quarter. Patten & Patten Inc. TN raised its stake in Weyerhaeuser by 0.3% during the second quarter. Patten & Patten Inc. TN now owns 132,698 shares of the real estate investment trust’s stock worth $2,980,000 after purchasing an additional 426 shares during the period. Finally, Estabrook Capital Management raised its stake in shares of Weyerhaeuser by 51.4% in the 2nd quarter. Estabrook Capital Management now owns 1,325 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 450 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser stock traded up $0.03 during mid-day trading on Wednesday, reaching $28.79. 51,000 shares of the company were exchanged, compared to its average volume of 5,477,248. The business has a fifty day moving average of $28.86 and a 200 day moving average of $23.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.72 and a current ratio of 2.28. The firm has a market cap of $21.46 billion, a P/E ratio of 70.15 and a beta of 1.96. Weyerhaeuser has a 12-month low of $13.10 and a 12-month high of $31.58.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 31st. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.10. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. Weyerhaeuser’s revenue was down 3.6% on a year-over-year basis. Sell-side analysts predict that Weyerhaeuser will post 0.85 EPS for the current year.

A number of equities analysts have weighed in on the company. Bank of America upped their price target on Weyerhaeuser from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Scotiabank upped their price target on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. Royal Bank of Canada upped their price target on Weyerhaeuser from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BMO Capital Markets upped their price target on Weyerhaeuser from $23.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Citigroup upped their price target on Weyerhaeuser from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $29.56.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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