Hartford Investment Management Co. decreased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 180,706 shares of the real estate investment trust’s stock after selling 6,808 shares during the period. Hartford Investment Management Co.’s holdings in Weyerhaeuser were worth $6,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Pinnacle Bank bought a new position in shares of Weyerhaeuser during the first quarter worth about $156,000. DnB Asset Management AS boosted its position in shares of Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock worth $2,640,000 after buying an additional 13,300 shares during the last quarter. OLD Second National Bank of Aurora boosted 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 during the last quarter. Peoples Financial Services CORP. boosted 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 during the last quarter. Finally, Eagle Ridge Investment Management boosted its position in shares of Weyerhaeuser by 7.6% in the first quarter. Eagle Ridge Investment Management now owns 168,756 shares of the real estate investment trust’s stock worth $5,734,000 after buying an additional 11,865 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) traded up 0.514% on Friday, hitting $32.285. The stock had a trading volume of 782,865 shares. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The company has a market capitalization of $24.31 billion, a P/E ratio of 25.381 and a beta of 1.40. The firm has a 50 day moving average price of $33.17 and a 200 day moving average price of $33.33.

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 the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. On average, equities research analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on WY. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) cut 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 Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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