Equitable Trust Co. bought a new stake in shares of Weyerhaeuser Co (NYSE:WY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,991 shares of the real estate investment trust’s stock, valued at approximately $202,000.
A number of other large investors have also bought and sold shares of WY. FMR LLC increased its holdings in Weyerhaeuser by 336.8% during the 1st quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after acquiring an additional 1,598,165 shares in the last quarter. Bartlett & Co. LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth about $322,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Weyerhaeuser by 9.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 88,607 shares of the real estate investment trust’s stock worth $1,502,000 after buying an additional 7,301 shares in the last quarter. Mackay Shields LLC grew its holdings in shares of Weyerhaeuser by 98.3% during the first quarter. Mackay Shields LLC now owns 421,776 shares of the real estate investment trust’s stock worth $7,148,000 after buying an additional 209,126 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Weyerhaeuser by 17.5% during the first quarter. Cetera Advisors LLC now owns 24,568 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 3,658 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.
In other news, SVP James A. Kilberg sold 35,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $30.50, for a total transaction of $1,067,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.
WY stock traded up $0.13 during midday trading on Wednesday, reaching $28.89. 79,047 shares of the company’s stock traded hands, compared to its average volume of 5,477,248. The company has a market capitalization of $21.46 billion, a P/E ratio of 70.15 and a beta of 1.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.28 and a quick ratio of 1.72. Weyerhaeuser Co has a fifty-two week low of $13.10 and a fifty-two week high of $31.58. The business has a 50-day moving average price of $28.86 and a two-hundred day moving average price of $23.08.
Weyerhaeuser (NYSE:WY) last announced its quarterly 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. Weyerhaeuser’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, research analysts forecast that Weyerhaeuser Co will post 0.85 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Saturday, June 20th. DA Davidson downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Monday, August 3rd. Scotiabank lifted their price target on shares of Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Bank of America boosted their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Finally, Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $30.00 to $33.00 and gave the company an “outperform” rating in a report 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 currently has an average rating of “Hold” and a consensus price target of $29.56.
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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