WealthPLAN Partners LLC purchased a new stake in shares of Weyerhaeuser Co (NYSE:WY) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 8,594 shares of the real estate investment trust’s stock, valued at approximately $245,000.

A number of other large investors also recently added to or reduced their stakes in the business. Campbell Wealth Management purchased a new position in Weyerhaeuser during the second quarter valued at approximately $29,000. Estabrook Capital Management increased its stake in Weyerhaeuser by 51.4% in the 2nd quarter. Estabrook Capital Management now owns 1,325 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 450 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Weyerhaeuser during the first quarter valued at about $31,000. Watson Rebecca purchased a new position in shares of Weyerhaeuser in the second quarter valued at about $31,000. Finally, Milestone Advisory Partners bought a new position in shares of Weyerhaeuser in the second quarter worth about $36,000. 77.46% of the stock is owned by institutional investors and hedge funds.

WY has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Scotiabank lifted their price objective on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Monday, August 3rd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Saturday, June 20th. Finally, BMO Capital Markets upped their price target on shares of Weyerhaeuser from $23.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.56.

Shares of NYSE WY traded up $0.13 during trading hours on Wednesday, hitting $28.89. 89,246 shares of the company traded hands, compared to its average volume of 5,477,248. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 70.15 and a beta of 1.96. The company’s 50 day moving average price is $28.86 and its 200 day moving average price is $23.08. Weyerhaeuser Co has a 12 month low of $13.10 and a 12 month high of $31.58. The company has a current ratio of 2.28, a quick ratio of 1.72 and a debt-to-equity ratio of 0.77.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. Equities analysts anticipate that Weyerhaeuser Co will post 0.85 EPS for the current year.

In related news, SVP James A. Kilberg sold 35,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $30.50, for a total value of $1,067,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

See Also: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.