Moloney Securities Asset Management LLC raised its position in Weyerhaeuser Company (NYSE:WY) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 29,634 shares of the real estate investment trust’s stock after buying an additional 527 shares during the period. Moloney Securities Asset Management LLC’s holdings in Weyerhaeuser were worth $993,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. OLD Second National Bank of Aurora increased its position in shares of Weyerhaeuser by 17,880.5% in the first quarter. OLD Second National Bank of Aurora now owns 80,373 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 79,926 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Weyerhaeuser during the first quarter worth $156,000. Peoples Financial Services CORP. increased its position in shares of Weyerhaeuser by 3.0% in the first quarter. Peoples Financial Services CORP. now owns 58,566 shares of the real estate investment trust’s stock worth $1,989,000 after buying an additional 1,700 shares in the last quarter. Merriman Wealth Management LLC increased its position in shares of Weyerhaeuser by 53.9% in the first quarter. Merriman Wealth Management LLC now owns 122,436 shares of the real estate investment trust’s stock worth $4,160,000 after buying an additional 42,870 shares in the last quarter. Finally, BLB&B Advisors LLC increased its position in shares of Weyerhaeuser by 0.7% in the first quarter. BLB&B Advisors LLC now owns 34,298 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 246 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.

Weyerhaeuser Company (NYSE:WY) traded down 0.46% during midday trading on Thursday, reaching $32.28. 709,721 shares of the company’s stock traded hands. 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 price is $33.21 and its 200-day moving average price is $33.34. The stock has a market cap of $24.30 billion, a P/E ratio of 25.38 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company 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%. Weyerhaeuser’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. On average, equities analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/10/moloney-securities-asset-management-llc-acquires-527-shares-of-weyerhaeuser-company-wy.html.

A number of equities analysts recently weighed in on WY shares. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research note on Monday, July 31st. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser Company and related companies with MarketBeat.com's FREE daily email newsletter.