Thrivent Financial For Lutherans decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,251 shares of the real estate investment trust’s stock after selling 5,120 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Weyerhaeuser were worth $4,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of WY. BlackRock Inc. grew its holdings in shares of Weyerhaeuser by 3,527.2% during the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after buying an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Weyerhaeuser by 3.4% during the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock valued at $1,626,729,000 after buying an additional 1,553,556 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Weyerhaeuser by 8.6% during the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after buying an additional 1,273,679 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Weyerhaeuser by 3.7% during the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock valued at $1,208,988,000 after buying an additional 1,260,154 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of Weyerhaeuser by 83.8% during the first quarter. FIL Ltd now owns 2,496,868 shares of the real estate investment trust’s stock valued at $84,843,000 after buying an additional 1,138,318 shares during the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.

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A number of research firms have recently commented on WY. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.25.

Weyerhaeuser Company (WY) opened at 33.81 on Tuesday. The company’s 50-day moving average is $32.38 and its 200-day moving average is $33.26. 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 $25.46 billion, a P/E ratio of 26.58 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, topping 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 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 quarter in the previous year, the firm earned $0.17 EPS. On average, equities research analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.69%. The ex-dividend date was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is presently 97.64%.

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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