Wetherby Asset Management Inc. boosted its position in Weyerhaeuser Co (NYSE:WY) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,009 shares of the real estate investment trust’s stock after buying an additional 444 shares during the period. Wetherby Asset Management Inc.’s holdings in Weyerhaeuser were worth $408,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. JJJ Advisors Inc. purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $113,000. Alexandria Capital LLC raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the period. Independent Advisor Alliance purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $124,000. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $133,000. Finally, Gemmer Asset Management LLC raised its stake in shares of Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,182 shares during the period. Hedge funds and other institutional investors own 77.72% of the company’s stock.
Weyerhaeuser Co (NYSE:WY) opened at 32.93 on Friday. The company’s 50 day moving average is $33.99 and its 200 day moving average is $32.19. Weyerhaeuser Co has a 12-month low of $26.55 and a 12-month high of $35.50. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 22.57 and a beta of 1.36.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser had a net margin of 15.11% and a return on equity of 5.98%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, equities analysts anticipate that Weyerhaeuser Co will post $1.00 earnings per share for the current year.
A number of equities analysts have weighed in on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 14th. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 12th. Finally, Citigroup Inc reiterated a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser has an average rating of “Buy” and an average price target of $36.50.
In other news, CAO Jeanne M. Hillman sold 36,934 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $33.90, for a total value of $1,252,062.60. Following the completion of the transaction, the chief accounting officer now owns 72,923 shares in the company, valued at approximately $2,472,089.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Rick R. Holley sold 180,556 shares of the stock in a transaction on Monday, April 10th. The shares were sold at an average price of $35.07, for a total transaction of $6,332,098.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,498 shares of company stock valued at $9,601,384. Corporate insiders own 1.30% of the company’s stock.
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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