Weyerhaeuser Company (WY) Stake Reduced by Rhumbline Advisers
Rhumbline Advisers decreased its stake in Weyerhaeuser Company (NYSE:WY) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,486,426 shares of the real estate investment trust’s stock after selling 5,231 shares during the period. Rhumbline Advisers owned 0.20% of Weyerhaeuser worth $49,795,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Barnett & Company Inc. purchased a new position in shares of Weyerhaeuser during the second quarter valued at about $101,000. 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 valued at $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 second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 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 valued at $139,000 after buying an additional 20 shares during the last quarter. Finally, 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 valued at $140,000 after buying an additional 1,765 shares during the last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser Company (NYSE:WY) opened at 31.36 on Thursday. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 24.65 and a beta of 1.40. The stock has a 50 day moving average price of $32.72 and a 200-day moving average price of $33.36.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, analysts predict that Weyerhaeuser Company will post $1.04 EPS for the current fiscal year.
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Several research analysts have issued reports on WY shares. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $28.58 to $36.00 in a report on Monday, August 14th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.
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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