United Services Automobile Association lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.
A number of other large investors have also modified their holdings of the stock. First Personal Financial Services increased its position in 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 in the last quarter. Alexandria Capital LLC increased its position 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 in the last quarter. Independent Advisor Alliance purchased a new position in Weyerhaeuser during the fourth quarter worth approximately $124,000. Gemmer Asset Management LLC increased its position 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 in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 76.45% of the company’s stock.
Shares of Weyerhaeuser Company (WY) traded down 2.56% during trading on Wednesday, hitting $32.37. The company had a trading volume of 3,138,871 shares. The stock has a market cap of $24.37 billion, a PE ratio of 25.45 and a beta of 1.40. The firm has a 50 day moving average of $33.42 and a 200 day moving average of $33.28. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.14%. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, analysts forecast that Weyerhaeuser Company will post $1.02 earnings per share for the current fiscal year.
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A number of research analysts have commented on WY shares. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Buy” and an average price target of $36.67.
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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