Norinchukin Bank The lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,269 shares of the real estate investment trust’s stock after selling 2,429 shares during the quarter. Norinchukin Bank The’s holdings in Weyerhaeuser were worth $3,359,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in Weyerhaeuser by 7.6% during the second quarter. Ameriprise Financial Inc. now owns 884,550 shares of the real estate investment trust’s stock worth $29,602,000 after buying an additional 62,160 shares in the last quarter. Chemical Bank grew its holdings in Weyerhaeuser by 81.5% during the second quarter. Chemical Bank now owns 20,093 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 9,025 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Weyerhaeuser by 58.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 23,580 shares of the real estate investment trust’s stock worth $790,000 after buying an additional 8,700 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Weyerhaeuser by 1.4% during the second quarter. Raymond James Trust N.A. now owns 47,256 shares of the real estate investment trust’s stock worth $1,583,000 after buying an additional 649 shares in the last quarter. Finally, Symphony Asset Management LLC grew its holdings in Weyerhaeuser by 29.3% during the second quarter. Symphony Asset Management LLC now owns 9,501 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 2,155 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Weyerhaeuser Company (NYSE WY) traded down 0.03% during mid-day trading on Thursday, hitting $33.09. The company had a trading volume of 211,875 shares. The firm’s 50 day moving average is $32.45 and its 200 day moving average is $33.29. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of 26.01 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share 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 the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. Weyerhaeuser’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. On average, equities research analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.31 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.75%. Weyerhaeuser’s payout ratio is 97.64%.

Several equities research analysts recently issued reports on WY shares. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price objective 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 price objective 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 price objective on the stock. in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.00.

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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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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