Financial Advisory Service Inc. Raises Stake in Weyerhaeuser Company (WY)
Financial Advisory Service Inc. boosted its stake in Weyerhaeuser Company (NYSE:WY) by 0.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 32,513 shares of the real estate investment trust’s stock after buying an additional 238 shares during the period. Financial Advisory Service Inc.’s holdings in Weyerhaeuser were worth $1,089,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in WY. DnB Asset Management AS boosted its stake in Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 13,300 shares during the period. Eagle Ridge Investment Management boosted its stake in Weyerhaeuser by 7.6% in the first quarter. Eagle Ridge Investment Management now owns 168,756 shares of the real estate investment trust’s stock valued at $5,734,000 after buying an additional 11,865 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Weyerhaeuser by 41.2% in the first quarter. Oppenheimer & Co. Inc. now owns 381,064 shares of the real estate investment trust’s stock valued at $12,948,000 after buying an additional 111,275 shares during the period. Brandywine Trust Co. purchased a new stake in Weyerhaeuser during the first quarter valued at $217,000. Finally, Ledyard National Bank boosted its stake in Weyerhaeuser by 8.2% in the first quarter. Ledyard National Bank now owns 180,738 shares of the real estate investment trust’s stock valued at $6,141,000 after buying an additional 13,692 shares during the period. Institutional investors own 76.20% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE WY) opened at 31.17 on Monday. The company has a market capitalization of $23.47 billion, a PE ratio of 24.50 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 has a 50-day moving average price of $32.88 and a 200 day moving average price of $33.35.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.17 EPS. Weyerhaeuser’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current year.
Several analysts have recently weighed in on WY shares. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their target price for the company from $28.58 to $36.00 in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.00.
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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