Community Financial Services Group LLC raised its position in Weyerhaeuser Co (NYSE:WY) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,281 shares of the real estate investment trust’s stock after purchasing an additional 3,510 shares during the quarter. Weyerhaeuser comprises approximately 2.8% of Community Financial Services Group LLC’s investment portfolio, making the stock its 15th biggest holding. Community Financial Services Group LLC’s holdings in Weyerhaeuser were worth $7,168,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in WY. CIBC World Markets Inc. acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $250,000. AXA increased its stake in shares of Weyerhaeuser by 22.1% in the second quarter. AXA now owns 57,070 shares of the real estate investment trust’s stock valued at $1,911,000 after purchasing an additional 10,337 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Weyerhaeuser by 1.2% during the second quarter. Riverhead Capital Management LLC now owns 13,872 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 169 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Weyerhaeuser by 7.6% during the second quarter. Ameriprise Financial Inc. now owns 884,550 shares of the real estate investment trust’s stock valued at $29,602,000 after acquiring an additional 62,160 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Weyerhaeuser by 1.0% during the second quarter. New York State Common Retirement Fund now owns 1,645,680 shares of the real estate investment trust’s stock valued at $55,130,000 after acquiring an additional 17,099 shares during the period. Institutional investors own 74.76% of the company’s stock.
In related news, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Co (NYSE:WY) traded up $0.45 during trading hours on Thursday, reaching $35.21. 3,500,600 shares of the company were exchanged, compared to its average volume of 3,200,464. The company has a market capitalization of $26,570.00, a PE ratio of 71.86, a price-to-earnings-growth ratio of 5.19 and a beta of 1.45. Weyerhaeuser Co has a 1 year low of $29.88 and a 1 year high of $36.92. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. research analysts predict that Weyerhaeuser Co will post 1.2 earnings per share for the current fiscal year.
A number of research analysts recently commented on WY shares. Argus raised their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Saturday, January 6th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.44.
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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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