Bedell Frazier Investment Counseling LLC raised its position in shares of Weyerhaeuser Co (NYSE:WY) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 194,546 shares of the real estate investment trust’s stock after buying an additional 1,886 shares during the quarter. Weyerhaeuser makes up 2.6% of Bedell Frazier Investment Counseling LLC’s investment portfolio, making the stock its 20th largest position. Bedell Frazier Investment Counseling LLC’s holdings in Weyerhaeuser were worth $6,860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WY. Bellwether Investment Group LLC bought a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $277,000. Exane Derivatives grew its stake in shares of Weyerhaeuser by 94,833.3% during the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 2,845 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 1,453 shares during the period. Cornerstone Advisors Inc. grew its stake in shares of Weyerhaeuser by 324.7% during the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 3,490 shares during the period. Finally, Sky Investment Group LLC bought a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 74.79% of the company’s stock.

A number of research analysts recently issued reports on WY shares. Argus boosted their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target for the company. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research note on Saturday, January 13th. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.44.

In other news, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the sale, the insider now directly owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Weyerhaeuser Co (NYSE:WY) opened at $34.52 on Thursday. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $26,060.00, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 5.06 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities analysts anticipate that Weyerhaeuser Co will post 1.37 earnings per share for the current fiscal year.

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About Weyerhaeuser

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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