Woodmont Investment Counsel LLC continued to hold its position in shares of Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,578 shares of the real estate investment trust’s stock at the end of the first quarter. Weyerhaeuser accounts for about 2.5% of Woodmont Investment Counsel LLC’s portfolio, making the stock its 5th largest position. Woodmont Investment Counsel LLC’s holdings in Weyerhaeuser were worth $8,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WY. First Personal Financial Services boosted 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 valued at $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC boosted 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 raised its stake in 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 period. Carroll Financial Associates Inc. raised its stake 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 valued at $141,000 after buying an additional 1,772 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake 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 valued at $141,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) traded down 0.18% during midday trading on Monday, reaching $32.72. 1,515,868 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $33.42 and a 200 day moving average price of $33.28. The company has a market cap of $24.64 billion, a P/E ratio of 25.72 and a beta of 1.40. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company 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 7.17% and a net margin of 14.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. Equities research analysts forecast that Weyerhaeuser Company will post $1.04 earnings per share for the current fiscal year.

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WY has been the topic of several analyst reports. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Finally, ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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