Time to Sell Weyerhaeuser Co After Today’s Option Traders Bearish Bets?

 Time to Sell Weyerhaeuser Co After Today's Option Traders Bearish Bets?

In today’s session Weyerhaeuser Co (WY) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious WY decrease. With 500 contracts traded and 30194 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: WY161118P00029500 closed last at: $1 or 53.8% up. About 1.55 million shares traded hands. Weyerhaeuser Co (NYSE:WY) has declined 6.48% since April 13, 2016 and is downtrending. It has underperformed by 10.41% the S&P500.

Weyerhaeuser Co (NYSE:WY) Ratings Coverage

Out of 11 analysts covering Weyerhaeuser Company (NYSE:WY), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Weyerhaeuser Company has been the topic of 18 analyst reports since September 11, 2015 according to StockzIntelligence Inc. As per Friday, August 12, the company rating was downgraded by Dundee Securities. The firm earned “Buy” rating on Tuesday, January 19 by Dundee Securities. On Tuesday, September 15 the stock rating was upgraded by Bank of America to “Buy”. Goldman Sachs initiated the shares of WY in a report on Thursday, September 22 with “Buy” rating. CLSA upgraded Weyerhaeuser Co (NYSE:WY) on Friday, November 13 to “Outperform” rating. The stock of Weyerhaeuser Co (NYSE:WY) has “Neutral” rating given on Friday, December 18 by Dundee Securities. The stock of Weyerhaeuser Co (NYSE:WY) earned “Hold” rating by Vertical Research on Tuesday, May 3. On Friday, November 13 the stock rating was upgraded by Credit Agricole to “Outperform”. The firm has “Neutral” rating given on Monday, May 9 by DA Davidson. Argus Research maintained the shares of WY in a report on Tuesday, March 15 with “Buy” rating.

According to Zacks Investment Research, “Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate related activities. Its business segments are timberlands; wood products; pulp, paper and packaging; and real estate and related assets.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 4.01, from 4.82 in 2016Q1. The ratio worsened, as 48 funds sold all Weyerhaeuser Co shares owned while 313 reduced positions. 66 funds bought stakes while 228 increased positions. They now own 558.83 million shares or 51.86% less from 1.16 billion shares in 2016Q1.
Wellington Management Grp Inc Limited Liability Partnership last reported 5.38 million shares in the company. Signalpoint Asset Ltd Liability Co reported 7,886 shares or 0.1% of all its holdings. Curbstone Financial Mngmt Corp, a New Hampshire-based fund reported 118,560 shares. Moreover, Fincl Counselors has 0.08% invested in Weyerhaeuser Co (NYSE:WY) for 42,488 shares. Mcrae Capital Mngmt accumulated 21,995 shares or 0.3% of the stock. Amalgamated Bank holds 0.07% or 34,854 shares in its portfolio. Gabelli Funds Limited Liability Co holds 656,000 shares or 0.12% of its portfolio. Moreover, Gideon Advsr has 0.27% invested in Weyerhaeuser Co (NYSE:WY) for 15,639 shares. Fernwood Invest Mngmt Limited Liability Co has 1.69% invested in the company for 57,800 shares. The United Kingdom-based Gsa Llp has invested 0.14% in Weyerhaeuser Co (NYSE:WY). Smithfield Trust Company holds 2,880 shares or 0.02% of its portfolio. Moneta Grp Invest Advsrs Llc has invested 0.05% of its portfolio in Weyerhaeuser Co (NYSE:WY). Blackrock Japan accumulated 0.11% or 982,712 shares. Gofen Glossberg Ltd Liability Company Il last reported 75,901 shares in the company. Carl Domino accumulated 43,687 shares or 1.22% of the stock.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 9 sales for $23.28 million net activity. Another trade for 59,686 shares valued at $1.94 million was sold by HILLMAN JEANNE M. Bozeman David P sold $58,456 worth of stock. On Thursday, June 30 the insider Hunter Rhonda D sold $98,760. 608,000 Weyerhaeuser Co (NYSE:WY) shares with value of $19.79 million were sold by HOLLEY RICK R. $298,000 worth of shares were sold by Emmert Mark A on Tuesday, June 7. Shares for $369,294 were sold by Slater Catherine I. Shares for $468,325 were sold by Merle Denise M.

Weyerhaeuser Company is a real estate investment trust . The company has a market cap of $23.27 billion. The Firm is an owner of timberlands. It has a 53.83 P/E ratio. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees.

WY Company Profile

Weyerhaeuser Company, incorporated on January 18, 1900, is a real estate investment trust (REIT). The Firm is an owner of timberlands. The Firm is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company’s divisions include Timberlands, Wood Products and Cellulose Fibers. The Firm owns or controls approximately seven million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products.

Another recent and important Weyerhaeuser Co (NYSE:WY) news was published by Prnewswire.com which published an article titled: “Weyerhaeuser announces leadership changes” on November 01, 2016.

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