B. Riley Wealth Management Inc. lowered its stake in Weyerhaeuser Co (NYSE:WY) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,209 shares of the real estate investment trust’s stock after selling 3,172 shares during the period. B. Riley Wealth Management Inc.’s holdings in Weyerhaeuser were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in WY. Campbell Wealth Management purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $29,000. Estabrook Capital Management grew its stake in Weyerhaeuser by 51.4% during 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 during the last quarter. Tower Research Capital LLC TRC purchased a new position in Weyerhaeuser during the 1st quarter worth approximately $31,000. Watson Rebecca purchased a new position in Weyerhaeuser during the 2nd quarter worth approximately $31,000. Finally, Milestone Advisory Partners purchased a new position in Weyerhaeuser during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Weyerhaeuser stock traded up $0.18 during mid-day trading on Wednesday, reaching $28.94. 76,207 shares of the company were exchanged, compared to its average volume of 5,477,248. Weyerhaeuser Co has a twelve month low of $13.10 and a twelve month high of $31.58. The firm’s 50-day simple moving average is $28.86 and its two-hundred day simple moving average is $23.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.72 and a current ratio of 2.28. The firm has a market cap of $21.46 billion, a PE ratio of 70.15 and a beta of 1.96.

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, topping analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Co will post 0.85 EPS for the current year.

WY has been the topic of a number of research reports. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research note on Monday, August 3rd. Bank of America raised their price target on Weyerhaeuser from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Scotiabank raised their price target on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Raymond James restated a “hold” rating on shares of Weyerhaeuser in a research note on Monday. Finally, Citigroup raised their price target on Weyerhaeuser from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.56.

In other news, SVP James A. Kilberg sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.50, for a total value of $1,067,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by company insiders.

About Weyerhaeuser

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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