United Services Automobile Association Has $7.91 Million Position in Weyerhaeuser Company (NYSE:WY)

United Services Automobile Association decreased its position in Weyerhaeuser Company (NYSE:WY) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,669 shares of the real estate investment trust’s stock after selling 2,303 shares during the period. United Services Automobile Association’s holdings in Weyerhaeuser were worth $7,906,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services increased its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC boosted its stake in 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 acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $124,000. Gemmer Asset Management LLC boosted its stake in 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. Finally, Carroll Financial Associates Inc. boosted its stake in Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,772 shares during the period. 76.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (NYSE:WY) traded down 0.03% during trading on Tuesday, reaching $34.12. The company had a trading volume of 2,503,561 shares. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The firm’s 50 day moving average price is $33.36 and its 200 day moving average price is $33.16. The firm has a market capitalization of $25.66 billion, a P/E ratio of 23.39 and a beta of 1.41.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser had a net margin of 16.58% and a return on equity of 6.22%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities analysts predict that Weyerhaeuser Company will post $1.02 EPS for the current year.

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A number of equities research analysts have commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Friday, July 7th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.56.

In other Weyerhaeuser news, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the sale, the director now directly owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

About Weyerhaeuser

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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