Anchor Capital Advisors LLC decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 71,070 shares of the real estate investment trust’s stock after selling 1,167 shares during the period. Anchor Capital Advisors LLC’s holdings in Weyerhaeuser were worth $2,381,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake 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. American Century Companies Inc. raised its stake 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. Vanguard Group Inc. raised its stake 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 stake 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. Finally, FIL Ltd raised its stake in shares of Weyerhaeuser by 83.8% in the first quarter. FIL Ltd now owns 2,496,868 shares of the real estate investment trust’s stock worth $84,843,000 after buying an additional 1,138,318 shares during the period. 76.20% of the stock is owned by institutional investors.

Weyerhaeuser Company (NYSE WY) opened at 31.17 on Friday. The company has a market cap of $23.47 billion, a P/E ratio of 24.50 and a beta of 1.40. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The stock’s 50 day moving average is $32.88 and its 200-day moving average is $33.35.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping 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 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

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WY has been the subject of a number of research reports. Citigroup Inc. reissued a “buy” rating and set a $39.00 target price (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, May 17th. 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. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, 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 for the company. in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.00.

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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