US Bancorp DE cut its stake in Weyerhaeuser Company (NYSE:WY) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,867 shares of the real estate investment trust’s stock after selling 26,466 shares during the period. US Bancorp DE owned about 0.12% of Weyerhaeuser worth $28,973,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. First Personal Financial Services raised its position in shares of 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 worth $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC raised 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 worth $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its position in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. First Command Bank raised its position in shares of Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,765 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its position in shares of 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 during the last quarter. Institutional investors own 76.45% of the company’s stock.
Weyerhaeuser Company (WY) traded down 0.24% during midday trading on Friday, hitting $32.78. The stock had a trading volume of 1,894,373 shares. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 25.77 and a beta of 1.40. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The company’s 50 day moving average price is $33.42 and its 200-day moving average price is $33.28.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Company will post $1.03 earnings per share for the current fiscal year.
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A number of research analysts recently commented on WY shares. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, April 10th. BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 12th. Citigroup Inc. restated a “buy” rating and set a $39.00 target price (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Finally, BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser has a consensus rating of “Buy” and an average price target 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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