Schwab Charles Investment Management Inc. Purchases 54,048 Shares of Weyerhaeuser (WY)

Schwab Charles Investment Management Inc. lifted its position in shares of Weyerhaeuser (NYSE:WY) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,659,614 shares of the real estate investment trust’s stock after buying an additional 54,048 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Weyerhaeuser worth $93,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WY. Eagle Ridge Investment Management raised its holdings in Weyerhaeuser by 3.0% during the fourth quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after acquiring an additional 5,439 shares in the last quarter. North Star Asset Management Inc. raised its holdings in Weyerhaeuser by 13.1% during the fourth quarter. North Star Asset Management Inc. now owns 34,045 shares of the real estate investment trust’s stock worth $1,200,000 after acquiring an additional 3,948 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Weyerhaeuser by 3.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 115,879 shares of the real estate investment trust’s stock worth $4,126,000 after acquiring an additional 4,094 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Weyerhaeuser by 61.5% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 133,012 shares of the real estate investment trust’s stock worth $4,690,000 after acquiring an additional 50,672 shares in the last quarter. Finally, Marathon Asset Management LLP raised its holdings in Weyerhaeuser by 2.1% during the fourth quarter. Marathon Asset Management LLP now owns 680,318 shares of the real estate investment trust’s stock worth $23,988,000 after acquiring an additional 14,252 shares in the last quarter. 75.48% of the stock is owned by institutional investors.

NYSE:WY opened at $35.96 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 2.11. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 5.00 and a beta of 1.38. Weyerhaeuser has a 12-month low of $35.73 and a 12-month high of $36.21.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.83 billion. Weyerhaeuser had a return on equity of 10.88% and a net margin of 9.42%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. equities research analysts predict that Weyerhaeuser will post 1.46 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Citigroup upped their target price on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 30th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, April 17th. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and a consensus target price of $38.00.

In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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