Cpcm LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,644 shares of the real estate investment trust’s stock after buying an additional 966 shares during the period. Cpcm LLC’s holdings in Weyerhaeuser were worth $1,177,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,962 shares of the real estate investment trust’s stock valued at $9,118,000 after buying an additional 7,182 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $5,692,000. RMB Capital Management LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $542,000. Kentucky Retirement Systems acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $1,633,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $729,000. Institutional investors and hedge funds own 76.45% of the company’s stock.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.14%. Weyerhaeuser’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share.
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Several equities analysts have recently issued reports on WY shares. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, April 18th. Citigroup Inc. restated a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser has an average rating of “Buy” and a consensus target price of $36.56.
About Weyerhaeuser
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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