KCM Investment Advisors LLC lessened its position in Weyerhaeuser (NYSE:WY) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,070 shares of the real estate investment trust’s stock after selling 2,061 shares during the period. KCM Investment Advisors LLC’s holdings in Weyerhaeuser were worth $457,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $277,000. Exane Derivatives increased its holdings in shares of Weyerhaeuser by 94,833.3% in the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 2,845 shares during the period. Barrett Asset Management LLC increased its holdings in shares of Weyerhaeuser by 102.2% in the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,584 shares during the period. Smith Asset Management Group LP increased its holdings in shares of Weyerhaeuser by 87.9% in the 1st quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 1,469 shares during the period. Finally, Cornerstone Advisors Inc. increased its holdings in shares of Weyerhaeuser by 324.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 3,490 shares during the period. 75.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Jeanne M. Hillman sold 15,389 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.35% of the company’s stock.
Shares of Weyerhaeuser opened at $36.45 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $27.59 billion, a P/E ratio of 28.26, a P/E/G ratio of 4.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.11 and a quick ratio of 1.62. Weyerhaeuser 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, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.83 billion. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. Weyerhaeuser’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. equities research analysts expect that Weyerhaeuser will post 1.46 EPS for the current fiscal year.
WY has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Weyerhaeuser from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, April 17th. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $38.00.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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