Carl Domino Inc cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,627 shares of the real estate investment trust’s stock after selling 2,635 shares during the period. Carl Domino Inc’s holdings in Weyerhaeuser were worth $1,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,962 shares of the real estate investment trust’s stock valued at $9,118,000 after buying an additional 7,182 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Weyerhaeuser by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 658,397 shares of the real estate investment trust’s stock valued at $22,372,000 after buying an additional 18,978 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Weyerhaeuser by 14.8% in the first quarter. Raymond James Trust N.A. now owns 46,607 shares of the real estate investment trust’s stock valued at $1,583,000 after buying an additional 6,006 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE raised its position in shares of Weyerhaeuser by 0.3% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 262,378 shares of the real estate investment trust’s stock valued at $8,916,000 after buying an additional 680 shares in the last quarter. Finally, Forte Capital LLC ADV acquired a new position in shares of Weyerhaeuser during the first quarter valued at $292,000. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Weyerhaeuser Company (NYSE:WY) traded up 0.03% during midday trading on Monday, reaching $32.79. The company’s stock had a trading volume of 614,217 shares. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The company’s 50-day moving average is $33.42 and its 200 day moving average is $33.28. The firm has a market capitalization of $24.69 billion, a P/E ratio of 25.78 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Analysts expect that Weyerhaeuser Company will post $1.04 earnings per share for the current fiscal year.

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WY has been the subject of several recent analyst reports. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, April 18th. Citigroup Inc. reiterated a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.67.

About Weyerhaeuser

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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