Bennicas & Associates Inc. decreased its stake in Weyerhaeuser Company (NYSE:WY) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,798 shares of the real estate investment trust’s stock after selling 400 shares during the period. Weyerhaeuser comprises about 1.3% of Bennicas & Associates Inc.’s portfolio, making the stock its 26th largest position. Bennicas & Associates Inc.’s holdings in Weyerhaeuser were worth $1,501,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. First Personal Financial Services increased its position in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,400 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,772 shares in the last quarter. Institutional investors own 76.45% of the company’s stock.
Weyerhaeuser Company (NYSE WY) traded up 1.17% during midday trading on Thursday, hitting $32.75. The company had a trading volume of 1,592,240 shares. The company has a market cap of $24.65 billion, a P/E ratio of 25.75 and a beta of 1.40. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The company’s 50 day moving average is $33.42 and its 200-day moving average is $33.28.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.14% and a net margin of 14.09%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. On average, equities analysts predict that Weyerhaeuser Company will post $1.03 EPS for the current year.
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WY has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Finally, BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.67.
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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