Weyerhaeuser Company (WY) Stake Lowered by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in Weyerhaeuser Company (NYSE:WY) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,529 shares of the real estate investment trust’s stock after selling 1,727 shares during the period. Fifth Third Bancorp’s holdings in Weyerhaeuser were worth $3,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC raised its stake in Weyerhaeuser by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock valued at $1,208,988,000 after buying an additional 1,260,154 shares in the last quarter. American Century Companies Inc. raised its stake in Weyerhaeuser by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock valued at $504,615,000 after buying an additional 1,858,252 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Weyerhaeuser by 10.9% in the first quarter. Bank of New York Mellon Corp now owns 8,266,685 shares of the real estate investment trust’s stock valued at $280,902,000 after buying an additional 809,668 shares in the last quarter. Wellington Management Group LLP raised its stake in Weyerhaeuser by 11.6% in the first quarter. Wellington Management Group LLP now owns 6,752,888 shares of the real estate investment trust’s stock valued at $229,464,000 after buying an additional 699,555 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Weyerhaeuser by 2.1% in the first quarter. Legal & General Group Plc now owns 3,595,677 shares of the real estate investment trust’s stock valued at $122,178,000 after buying an additional 74,200 shares in the last quarter. 76.21% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Company (NYSE:WY) traded down 0.79% during midday trading on Tuesday, hitting $32.46. 1,870,234 shares of the stock were exchanged. The firm has a 50 day moving average of $33.33 and a 200-day moving average of $33.27. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 25.52 and a beta of 1.40. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business 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 7.17%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities analysts expect that Weyerhaeuser Company will post $1.04 earnings per share for the current year.

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Several analysts recently commented on WY shares. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Weyerhaeuser in a research report on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Finally, ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.67.

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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