Wellington Shields & Co. LLC boosted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,995 shares of the real estate investment trust’s stock after buying an additional 67 shares during the period. Weyerhaeuser comprises about 0.6% of Wellington Shields & Co. LLC’s portfolio, making the stock its 27th largest position. Wellington Shields & Co. LLC’s holdings in Weyerhaeuser were worth $1,775,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WY. First Personal Financial Services increased its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC increased its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC increased its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. First Command Bank increased its stake in shares of Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares during the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (WY) traded down 0.15% during mid-day trading on Wednesday, hitting $32.41. 530,204 shares of the company traded hands. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 25.48 and a beta of 1.40. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The firm has a 50-day moving average price of $33.33 and a 200 day moving average price of $33.27.

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

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WY has been the subject of several recent analyst reports. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.13.

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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