Hanson & Doremus Investment Management raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 59,367 shares of the real estate investment trust’s stock after buying an additional 255 shares during the period. Hanson & Doremus Investment Management’s holdings in Weyerhaeuser were worth $1,989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in WY. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares in the last quarter. Steinberg Global Asset Management acquired a new position in shares of Weyerhaeuser during the second quarter worth about $211,000. Strs Ohio increased its position in shares of Weyerhaeuser by 5.7% in the second quarter. Strs Ohio now owns 2,266,699 shares of the real estate investment trust’s stock worth $75,934,000 after buying an additional 121,849 shares in the last quarter. Cutler Capital Management LLC increased its position in shares of Weyerhaeuser by 2.5% in the second quarter. Cutler Capital Management LLC now owns 144,136 shares of the real estate investment trust’s stock worth $4,828,000 after buying an additional 3,560 shares in the last quarter. Finally, Tower Bridge Advisors increased its position in shares of Weyerhaeuser by 40.0% in the second quarter. Tower Bridge Advisors now owns 124,085 shares of the real estate investment trust’s stock worth $4,157,000 after buying an additional 35,448 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) opened at 32.22 on Friday. The company has a market capitalization of $24.26 billion, a PE ratio of 25.33 and a beta of 1.40. The firm’s 50-day moving average price is $33.12 and its 200 day moving average price is $33.34. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for 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 company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Weyerhaeuser Company (NYSE:WY) Shares Bought by Hanson & Doremus Investment Management” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/08/13/weyerhaeuser-company-nysewy-shares-bought-by-hanson-doremus-investment-management.html.

A number of brokerages recently issued reports on WY. Zacks Investment Research downgraded 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 price objective on the stock. in a research report on Monday, July 31st. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently 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.

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.