Chevy Chase Trust Holdings Inc. boosted its stake in Weyerhaeuser Company (NYSE:WY) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 660,135 shares of the real estate investment trust’s stock after buying an additional 1,738 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Weyerhaeuser were worth $22,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised 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 in the last quarter. American Century Companies Inc. raised 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 in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. First Eagle Investment Management LLC raised 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 in the last quarter. Finally, FIL Ltd raised its stake in Weyerhaeuser by 83.8% in the first quarter. FIL Ltd now owns 2,496,868 shares of the real estate investment trust’s stock valued at $84,843,000 after buying an additional 1,138,318 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE WY) traded down 0.37% during trading on Tuesday, hitting $32.60. 345,796 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $33.42 and its 200-day moving average price is $33.28. The stock has a market cap of $24.55 billion, a PE ratio of 25.63 and a beta of 1.40. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Company will post $1.04 earnings per share for the current fiscal year.

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Several analysts have issued reports on WY shares. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price 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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