Evanson Asset Management LLC increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,083 shares of the real estate investment trust’s stock after buying an additional 20 shares during the period. Evanson Asset Management LLC’s holdings in Weyerhaeuser were worth $1,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Salem Capital Management Inc. increased its position in Weyerhaeuser by 0.6% in the second quarter. Salem Capital Management Inc. now owns 253,897 shares of the real estate investment trust’s stock worth $8,506,000 after buying an additional 1,550 shares during the period. Capital One National Association increased its position in Weyerhaeuser by 7.8% in the second quarter. Capital One National Association now owns 8,291 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 598 shares during the period. Fox Run Management L.L.C. bought a new position in Weyerhaeuser during the second quarter worth $442,000. First Command Bank increased its position in 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 period. Finally, Neville Rodie & Shaw Inc. increased its position in Weyerhaeuser by 2.7% in the second quarter. Neville Rodie & Shaw Inc. now owns 149,808 shares of the real estate investment trust’s stock worth $5,018,000 after buying an additional 4,000 shares during the period. 76.45% of the stock is currently owned by institutional investors.

Shares of Weyerhaeuser Company (NYSE:WY) traded up 0.167% during trading on Friday, hitting $32.915. The stock had a trading volume of 460,665 shares. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a market capitalization of $24.78 billion, a P/E ratio of 25.877 and a beta of 1.40. The firm has a 50-day moving average of $33.42 and a 200 day moving average of $33.28.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. Equities research analysts predict that Weyerhaeuser Company will post $1.03 earnings per share for the current fiscal year.

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WY has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research report on Monday. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.67.

Weyerhaeuser Company Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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