Trust Co. of Toledo NA OH continued to hold its stake in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,944 shares of the real estate investment trust’s stock at the end of the second quarter. Trust Co. of Toledo NA OH’s holdings in Weyerhaeuser were worth $2,109,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Trust Co. of Vermont boosted its stake in shares of Weyerhaeuser by 11.1% in the second quarter. Trust Co. of Vermont now owns 75,170 shares of the real estate investment trust’s stock worth $2,518,000 after buying an additional 7,498 shares during the last quarter. Pennsylvania Trust Co boosted its stake in shares of Weyerhaeuser by 132.6% in the second quarter. Pennsylvania Trust Co now owns 161,839 shares of the real estate investment trust’s stock worth $5,422,000 after buying an additional 92,255 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Weyerhaeuser by 12.7% in the second quarter. Bank of Montreal Can now owns 902,137 shares of the real estate investment trust’s stock worth $30,221,000 after buying an additional 102,007 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Weyerhaeuser by 2.0% in the second quarter. Confluence Investment Management LLC now owns 2,325,512 shares of the real estate investment trust’s stock worth $77,905,000 after buying an additional 45,057 shares during the last quarter. Finally, New England Research & Management Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth about $454,000. 76.21% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Company (NYSE:WY) traded down 0.58% during mid-day trading on Monday, reaching $32.59. 407,059 shares of the company’s stock traded hands. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 25.62 and a beta of 1.40. The firm’s 50-day moving average price is $33.42 and its 200 day moving average price is $33.28.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser Company will post $1.04 EPS for the current year.

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Several research firms have recently weighed in on WY. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday, July 31st. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser has a consensus 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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