Cullen Frost Bankers Inc. lessened its holdings in Weyerhaeuser Co (NYSE:WY) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,941 shares of the real estate investment trust’s stock after selling 48,743 shares during the period. Cullen Frost Bankers Inc.’s holdings in Weyerhaeuser were worth $15,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Virtu Financial LLC acquired a new position in Weyerhaeuser during the third quarter worth $633,000. IFM Investors Pty Ltd increased its holdings in Weyerhaeuser by 66.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 82,591 shares of the real estate investment trust’s stock valued at $2,288,000 after buying an additional 33,011 shares during the period. Wellington Shields Capital Management LLC increased its position in Weyerhaeuser by 4.9% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 40,913 shares of the real estate investment trust’s stock worth $1,133,000 after purchasing an additional 1,900 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Weyerhaeuser by 17.2% during the third quarter. California Public Employees Retirement System now owns 1,714,255 shares of the real estate investment trust’s stock worth $47,485,000 after purchasing an additional 251,487 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in shares of Weyerhaeuser by 66.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 53,794 shares of the real estate investment trust’s stock valued at $1,490,000 after purchasing an additional 21,485 shares in the last quarter. 76.32% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on WY. Bank of America lowered Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Citigroup boosted their price objective on shares of Weyerhaeuser from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Argus boosted their target price on shares of Weyerhaeuser to $32.00 and gave the company a “buy” rating in a report on Monday, November 18th. ValuEngine cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.64.

In other Weyerhaeuser news, CFO Russell S. Hagen sold 20,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $28.27, for a total transaction of $588,016.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

NYSE WY opened at $30.25 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75. The stock has a market cap of $21.35 billion, a PE ratio of -275.00 and a beta of 1.69. The stock has a fifty day simple moving average of $29.79 and a 200-day simple moving average of $28.28. Weyerhaeuser Co has a twelve month low of $22.35 and a twelve month high of $31.58.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 31st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Weyerhaeuser had a negative net margin of 1.16% and a positive return on equity of 3.32%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. Research analysts predict that Weyerhaeuser Co will post 0.72 EPS for the current year.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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