Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Weyerhaeuser Company (NYSE:WY) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,749 shares of the real estate investment trust’s stock after selling 27,633 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weyerhaeuser were worth $5,251,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Alexandria Capital LLC boosted its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares during the last quarter. Kistler Tiffany Companies LLC boosted its position in Weyerhaeuser by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 19 shares during the last quarter. Gemmer Asset Management LLC boosted its position in 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 purchasing an additional 20 shares during the last quarter. Cambridge Advisors Inc. boosted its position in Weyerhaeuser by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 30 shares during the last quarter. Finally, New England Private Wealth Advisors LLC boosted its position in Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 42 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on WY shares. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, July 7th. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, 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 research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

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Weyerhaeuser Company (NYSE WY) opened at 32.07 on Monday. The stock has a 50 day moving average price of $32.58 and a 200 day moving average price of $33.31. The company has a market cap of $24.15 billion, a P/E ratio of 25.21 and a beta of 1.39. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Company will post $1.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.87%. Weyerhaeuser’s payout ratio is 97.64%.

Weyerhaeuser 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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