Zurich Insurance Group Ltd FI trimmed its position in Weyerhaeuser Company (NYSE:WY) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,677 shares of the real estate investment trust’s stock after selling 27,470 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Weyerhaeuser were worth $3,875,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WY. American Century Companies Inc. boosted its stake in Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after acquiring an additional 1,273,679 shares during the last quarter. Pegasus Partners Ltd. increased its stake in Weyerhaeuser by 153.0% in the second quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock valued at $5,098,000 after purchasing an additional 92,021 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Weyerhaeuser by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock valued at $13,670,000 after purchasing an additional 27,029 shares in the last quarter. Van Cleef Asset Management Inc increased its stake in Weyerhaeuser by 1.1% in the second quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock valued at $7,273,000 after purchasing an additional 2,358 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in Weyerhaeuser by 6.9% in the second quarter. BB&T Securities LLC now owns 251,271 shares of the real estate investment trust’s stock valued at $8,418,000 after purchasing an additional 16,114 shares in the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.

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Weyerhaeuser Company (NYSE WY) traded up 0.38% on Tuesday, hitting $34.25. The company had a trading volume of 197,617 shares. The company has a market capitalization of $25.79 billion, a P/E ratio of 26.93 and a beta of 1.39. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The stock’s 50-day moving average price is $32.69 and its 200 day moving average price is $33.27.

Weyerhaeuser (NYSE:WY) last announced 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 quarter in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. Weyerhaeuser’s dividend payout ratio is 97.64%.

Several brokerages have recently issued reports on WY. JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a report on Monday, August 14th. TheStreet downgraded Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BMO Capital Markets downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.25.

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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