8,991 Shares in Weyerhaeuser Co (NYSE:WY) Purchased by Equitable Trust Co.

Equitable Trust Co. acquired a new position in Weyerhaeuser Co (NYSE:WY) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,991 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Weyerhaeuser by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 119,442,545 shares of the real estate investment trust’s stock valued at $2,682,679,000 after acquiring an additional 9,300,683 shares during the last quarter. Invesco Ltd. lifted its holdings in Weyerhaeuser by 4.5% in the 1st quarter. Invesco Ltd. now owns 25,297,146 shares of the real estate investment trust’s stock valued at $428,785,000 after acquiring an additional 1,084,095 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 11,859,924 shares of the real estate investment trust’s stock valued at $200,640,000 after acquiring an additional 87,697 shares during the last quarter. FMR LLC lifted its holdings in Weyerhaeuser by 5.4% in the 2nd quarter. FMR LLC now owns 11,688,352 shares of the real estate investment trust’s stock valued at $262,520,000 after acquiring an additional 594,665 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Weyerhaeuser by 30.6% in the 1st quarter. JPMorgan Chase & Co. now owns 10,099,229 shares of the real estate investment trust’s stock valued at $171,182,000 after acquiring an additional 2,364,842 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

In related news, SVP James A. Kilberg sold 35,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.50, for a total value of $1,067,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on WY. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Scotiabank upped their price objective on shares of Weyerhaeuser from $26.50 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Citigroup upped their price objective on shares of Weyerhaeuser from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Raymond James reaffirmed a “hold” rating on shares of Weyerhaeuser in a research note on Monday. Finally, BMO Capital Markets upped their price objective on shares of Weyerhaeuser from $23.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.56.

Shares of WY traded up $0.13 during trading hours on Wednesday, reaching $28.89. The company’s stock had a trading volume of 79,047 shares, compared to its average volume of 5,477,248. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 70.15 and a beta of 1.96. Weyerhaeuser Co has a 1-year low of $13.10 and a 1-year high of $31.58. The company has a quick ratio of 1.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $28.86 and a two-hundred day moving average of $23.08.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 31st. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.44 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, analysts forecast that Weyerhaeuser Co will post 0.85 EPS for the current fiscal year.

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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