1ST Source Bank raised its position in Weyerhaeuser Company (NYSE:WY) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,592 shares of the real estate investment trust’s stock after buying an additional 295 shares during the period. 1ST Source Bank’s holdings in Weyerhaeuser were worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of 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 worth $1,857,812,000 after buying an additional 53,166,351 shares during the period. Vanguard Group Inc. raised its position in shares of 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 worth $1,626,729,000 after buying an additional 1,553,556 shares during the period. First Eagle Investment Management LLC raised its position in shares of 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 worth $1,208,988,000 after buying an additional 1,260,154 shares during the period. State Street Corp raised its position in shares of Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after buying an additional 245,129 shares during the period. Finally, American Century Companies Inc. raised its position in shares of 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 worth $504,615,000 after buying an additional 1,858,252 shares during the period. Institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE WY) opened at 32.12 on Friday. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The firm has a 50-day moving average of $33.17 and a 200 day moving average of $33.33. The company has a market capitalization of $24.18 billion, a P/E ratio of 25.25 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

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WY has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Weyerhaeuser has an average rating of “Buy” and an average 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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