Weyerhaeuser Company (WY) Shares Bought by Huntington Steele LLC

Huntington Steele LLC raised its position in Weyerhaeuser Company (NYSE:WY) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 552,899 shares of the real estate investment trust’s stock after buying an additional 6,069 shares during the period. Weyerhaeuser accounts for about 5.6% of Huntington Steele LLC’s holdings, making the stock its 5th largest position. Huntington Steele LLC owned approximately 0.07% of Weyerhaeuser worth $18,522,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. First Personal Financial Services raised 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 valued at $109,000 after buying an additional 1,520 shares during the period. Alexandria Capital LLC raised 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 valued at $118,000 after buying an additional 12 shares during the period. Gemmer Asset Management LLC raised 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 valued at $140,000 after buying an additional 2,182 shares during the period. First Command Bank raised its position in Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares during the period. Finally, Carroll Financial Associates Inc. raised its position 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 valued at $141,000 after buying an additional 1,772 shares during the period. 76.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 31.17 on Friday. The firm’s 50-day moving average price is $32.88 and its 200 day moving average price is $33.35. The stock has a market capitalization of $23.47 billion, a P/E ratio of 24.50 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 posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS. Analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

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Several equities analysts recently commented on the company. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Monday, August 14th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.00.

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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