Exencial Wealth Advisors LLC reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 27.4% in the third quarter, Holdings Channel reports. The fund owned 6,353 shares of the real estate investment trust’s stock after selling 2,397 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Weyerhaeuser were worth $205,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Weyerhaeuser by 2.4% in the second quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock worth $1,886,914,000 after purchasing an additional 1,220,115 shares during the last quarter. Northern Trust Corp lifted its stake in Weyerhaeuser by 1.9% in the second quarter. Northern Trust Corp now owns 11,178,600 shares of the real estate investment trust’s stock worth $407,571,000 after purchasing an additional 207,103 shares during the last quarter. Bank of America Corp DE lifted its stake in Weyerhaeuser by 1.2% in the second quarter. Bank of America Corp DE now owns 7,983,841 shares of the real estate investment trust’s stock worth $291,091,000 after purchasing an additional 97,337 shares during the last quarter. Morgan Stanley lifted its stake in Weyerhaeuser by 10.3% in the second quarter. Morgan Stanley now owns 7,555,419 shares of the real estate investment trust’s stock worth $275,472,000 after purchasing an additional 706,848 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Weyerhaeuser by 8.8% in the first quarter. Principal Financial Group Inc. now owns 4,958,363 shares of the real estate investment trust’s stock worth $173,543,000 after purchasing an additional 401,218 shares during the last quarter. 77.02% of the stock is owned by institutional investors.
Shares of NYSE:WY opened at $27.62 on Tuesday. The stock has a market cap of $20.63 billion, a PE ratio of 19.81, a PEG ratio of 4.54 and a beta of 1.48. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65. Weyerhaeuser Co has a 12 month low of $25.75 and a 12 month high of $38.39.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.11). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that Weyerhaeuser Co will post 1.21 earnings per share for the current year.
WY has been the subject of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. ValuEngine downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Vertical Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Citigroup lowered their price objective on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.20.
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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.
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