Tiedemann Advisors LLC bought a new position in shares of Weyerhaeuser Co (NYSE:WY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,037 shares of the real estate investment trust’s stock, valued at approximately $170,000.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Weyerhaeuser by 1.2% during the fourth quarter. State Street Corp now owns 31,969,940 shares of the real estate investment trust’s stock worth $965,492,000 after purchasing an additional 366,345 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Weyerhaeuser by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 11,772,227 shares of the real estate investment trust’s stock worth $354,808,000 after purchasing an additional 552,499 shares during the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $277,446,000. Bank of New York Mellon Corp lifted its stake in shares of Weyerhaeuser by 26.1% during the first quarter. Bank of New York Mellon Corp now owns 8,489,529 shares of the real estate investment trust’s stock valued at $143,897,000 after acquiring an additional 1,756,053 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at $231,072,000. Institutional investors own 78.12% of the company’s stock.

NYSE WY opened at $17.33 on Friday. The firm has a market cap of $12.93 billion, a P/E ratio of 36.10 and a beta of 1.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.11. The stock’s 50-day moving average is $18.76 and its 200-day moving average is $25.99. Weyerhaeuser Co has a one year low of $13.10 and a one year high of $31.58.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.66 billion. Weyerhaeuser had a return on equity of 4.09% and a net margin of 5.47%. Weyerhaeuser’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Equities analysts anticipate that Weyerhaeuser Co will post 0.17 EPS for the current year.

Several equities analysts have recently issued reports on WY shares. BMO Capital Markets cut their price target on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating on the stock in a research note on Monday, May 4th. Citigroup cut their target price on Weyerhaeuser from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Raymond James lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Monday, May 4th. Zacks Investment Research raised Weyerhaeuser from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Monday, May 4th. Finally, Stephens dropped their price target on Weyerhaeuser from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.36.

In related news, CAO David M. Wold purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of $17.95 per share, for a total transaction of $35,900.00. Following the completion of the purchase, the chief accounting officer now directly owns 19,588 shares in the company, valued at $351,604.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sara Grootwassink Lewis purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of $17.96 per share, with a total value of $89,800.00. Following the completion of the purchase, the director now owns 17,478 shares of the company’s stock, valued at $313,904.88. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock valued at $151,680. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser 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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