Raymond James Trust N.A. increased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 9.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 45,290 shares of the real estate investment trust’s stock after purchasing an additional 3,830 shares during the period. Raymond James Trust N.A.’s holdings in Weyerhaeuser were worth $1,255,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Weyerhaeuser by 85.7% in the 3rd quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. NuWave Investment Management LLC bought a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $30,000. Rational Advisors LLC bought a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $30,000. NEXT Financial Group Inc lifted its stake in Weyerhaeuser by 197.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 789 shares in the last quarter. Finally, Personal Wealth Partners bought a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.95% of the company’s stock.
WY has been the topic of several research reports. ValuEngine upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada restated a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. Finally, BMO Capital Markets set a $32.00 target price on Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Buy” and an average target price of $32.38.
Shares of Weyerhaeuser stock opened at $29.06 on Friday. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $29.52. The stock has a market cap of $21.71 billion, a P/E ratio of 24.63, a P/E/G ratio of 10.84 and a beta of 1.67. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $27.54 and its 200-day moving average is $25.96.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, sell-side analysts expect that Weyerhaeuser Co will post 0.54 EPS for the current year.
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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