DE Burlo Group Inc. Decreases Holdings in Weyerhaeuser Company (WY)
DE Burlo Group Inc. cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 62.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,600 shares of the real estate investment trust’s stock after selling 26,100 shares during the quarter. DE Burlo Group Inc.’s holdings in Weyerhaeuser were worth $530,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WY. Anchor Capital Advisors LLC increased its holdings in shares of Weyerhaeuser by 12.4% during the first quarter. Anchor Capital Advisors LLC now owns 72,237 shares of the real estate investment trust’s stock valued at $2,455,000 after acquiring an additional 7,982 shares in the last quarter. American Trust Investment Advisors LLC boosted its position in shares of Weyerhaeuser by 15.8% during the first quarter. American Trust Investment Advisors LLC now owns 51,699 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 7,045 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Weyerhaeuser by 7.1% during the first quarter. Ngam Advisors L.P. now owns 111,813 shares of the real estate investment trust’s stock valued at $3,800,000 after buying an additional 7,424 shares during the last quarter. Financial Counselors Inc. boosted its position in shares of Weyerhaeuser by 33.2% during the first quarter. Financial Counselors Inc. now owns 56,716 shares of the real estate investment trust’s stock valued at $1,927,000 after buying an additional 14,141 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Weyerhaeuser by 7.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,577,539 shares of the real estate investment trust’s stock valued at $87,585,000 after buying an additional 186,995 shares during the last quarter. Hedge funds and other institutional investors own 75.16% of the company’s stock.
Weyerhaeuser Company (NYSE WY) traded down $0.30 during mid-day trading on Thursday, hitting $36.11. The stock had a trading volume of 132,789 shares, compared to its average volume of 2,540,000. Weyerhaeuser Company has a 12-month low of $28.62 and a 12-month high of $36.48. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27,480.00, a PE ratio of 36.72, a P/E/G ratio of 6.14 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. equities analysts forecast that Weyerhaeuser Company will post 1.17 earnings per share for the current year.
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Several equities research analysts recently commented on WY shares. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. 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. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $28.58 to $36.00 in a research report on Monday, August 14th. Finally, JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.20.
In related news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.
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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