M&T Bank Corp boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,203,346 shares of the real estate investment trust’s stock after purchasing an additional 45,000 shares during the period. M&T Bank Corp owned about 0.16% of Weyerhaeuser worth $40,311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WY. BlackRock Inc. boosted its position in Weyerhaeuser by 3,527.2% in the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after buying an additional 53,166,351 shares during the period. Vanguard Group Inc. boosted its position in Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after buying an additional 1,535,736 shares during the period. First Eagle Investment Management LLC boosted its position in Weyerhaeuser by 3.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock valued at $1,231,500,000 after buying an additional 1,181,780 shares during the period. State Street Corp boosted its position in Weyerhaeuser by 0.8% in the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock valued at $1,064,520,000 after buying an additional 245,129 shares during the period. Finally, American Century Companies Inc. boosted its position in Weyerhaeuser by 8.6% in the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after buying an additional 1,273,679 shares during the period. Institutional investors own 75.23% of the company’s stock.

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 analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.71%. Weyerhaeuser’s dividend payout ratio is presently 97.64%.

Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $37.25.

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Weyerhaeuser 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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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