Hunter Associates Investment Management LLC raised its stake in shares of Weyerhaeuser Company (NYSE:WY) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,370 shares of the real estate investment trust’s stock after purchasing an additional 6,200 shares during the quarter. Weyerhaeuser makes up about 2.1% of Hunter Associates Investment Management LLC’s holdings, making the stock its 12th biggest holding. Hunter Associates Investment Management LLC’s holdings in Weyerhaeuser were worth $5,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of 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 worth $540,155,000 after buying an additional 1,273,679 shares during the period. Pegasus Partners Ltd. grew its position in shares of Weyerhaeuser by 153.0% in the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after buying an additional 92,021 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Weyerhaeuser by 7.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after buying an additional 27,029 shares during the period. Van Cleef Asset Management Inc grew its position in shares of Weyerhaeuser by 1.1% in the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after buying an additional 2,358 shares during the period. Finally, BB&T Securities LLC grew its position in shares of Weyerhaeuser by 6.9% in the 2nd quarter. BB&T Securities LLC now owns 251,271 shares of the real estate investment trust’s stock worth $8,418,000 after buying an additional 16,114 shares during the period. 75.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (NYSE:WY) traded up 0.4390% during mid-day trading on Friday, reaching $33.5667. 710,400 shares of the company traded hands. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The stock has a market capitalization of $25.27 billion, a PE ratio of 26.3889 and a beta of 1.39. The firm has a 50 day moving average of $32.38 and a 200-day moving average of $33.26.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

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

A number of analysts have recently weighed in on the stock. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research report on Monday, August 14th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 22nd. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.25.

COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/09/22/weyerhaeuser-company-wy-shares-bought-by-hunter-associates-investment-management-llc.html.

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.

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.