US Bancorp DE trimmed its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 855,561 shares of the real estate investment trust’s stock after selling 6,113 shares during the quarter. US Bancorp DE owned 0.11% of Weyerhaeuser worth $30,167,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 2.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after purchasing an additional 951,807 shares during the last quarter. American Century Companies Inc. boosted its stake in Weyerhaeuser by 5.8% during the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after acquiring an additional 934,684 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Weyerhaeuser by 4.5% during the third quarter. Neuberger Berman Group LLC now owns 10,063,324 shares of the real estate investment trust’s stock worth $342,455,000 after acquiring an additional 434,964 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Weyerhaeuser by 9.4% during the third quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock worth $322,797,000 after acquiring an additional 813,226 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Weyerhaeuser by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 8,247,881 shares of the real estate investment trust’s stock worth $280,676,000 after acquiring an additional 529,966 shares in the last quarter. 74.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Weyerhaeuser Co (NYSE:WY) traded up $0.19 during mid-day trading on Friday, hitting $33.79. 4,780,000 shares of the stock traded hands, compared to its average volume of 4,590,000. The stock has a market capitalization of $25,510.00, a P/E ratio of 43.88, a P/E/G ratio of 5.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. equities research analysts predict that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 45,939 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the transaction, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Stephens started coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Argus upped their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.44.
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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