Boston Advisors LLC Has $1.29 Million Position in Weyerhaeuser Company (NYSE:WY)
Boston Advisors LLC increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 38,578 shares of the real estate investment trust’s stock after buying an additional 2,769 shares during the period. Boston Advisors LLC’s holdings in Weyerhaeuser were worth $1,292,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. First Personal Financial Services boosted its position in 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 period. Alexandria Capital LLC boosted its position in 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 period. Gemmer Asset Management LLC boosted its position in 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 period. First Command Bank boosted its position in 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 period. Finally, Carroll Financial Associates Inc. boosted its position in 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 period. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Shares of Weyerhaeuser Company (WY) traded down 0.59% during mid-day trading on Thursday, reaching $32.24. The company’s stock had a trading volume of 749,605 shares. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The stock has a market capitalization of $24.27 billion, a P/E ratio of 25.35 and a beta of 1.40. The company’s 50-day moving average price is $33.21 and its 200-day moving average price is $33.34.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
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Several research firms recently weighed in on WY. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research 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 objective on the stock. in a research report on Monday, July 31st. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research 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 objective for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and an average price target of $37.13.
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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