Confluence Investment Management LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 2,325,512 shares of the real estate investment trust’s stock after buying an additional 45,057 shares during the period. Weyerhaeuser comprises 1.6% of Confluence Investment Management LLC’s portfolio, making the stock its 26th largest position. Confluence Investment Management LLC’s holdings in Weyerhaeuser were worth $77,905,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after buying an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. boosted its stake in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock valued at $1,626,729,000 after buying an additional 1,553,556 shares during the last quarter. First Eagle Investment Management LLC boosted 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 during the last quarter. State Street Corp boosted its stake in Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock valued at $1,064,520,000 after buying an additional 245,129 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 during the last quarter. 76.45% of the stock is currently owned by institutional investors.

Shares of Weyerhaeuser Company (NYSE:WY) traded down 0.24% during trading on Friday, reaching $32.78. 1,894,373 shares of the company were exchanged. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The firm has a market capitalization of $24.68 billion, a PE ratio of 25.77 and a beta of 1.40. The company’s 50-day moving average is $33.42 and its 200 day moving average is $33.28.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. Equities research analysts expect that Weyerhaeuser Company will post $1.03 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a report on Monday, July 31st. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $36.67.

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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