Weyerhaeuser Company (WY) Stake Maintained by Orca Investment Management LLC

Orca Investment Management LLC continued to hold its position in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,690 shares of the real estate investment trust’s stock at the end of the second quarter. Orca Investment Management LLC’s holdings in Weyerhaeuser were worth $559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position 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 valued at $1,857,812,000 after buying an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. raised its position 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 valued at $1,626,729,000 after buying an additional 1,553,556 shares during the last quarter. First Eagle Investment Management LLC raised its position 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 valued at $1,208,988,000 after buying an additional 1,260,154 shares during the last quarter. State Street Corp raised its position in shares of Weyerhaeuser by 0.8% in the first 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 last quarter. Finally, American Century Companies Inc. raised its position 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 valued at $504,615,000 after buying an additional 1,858,252 shares during the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE WY) traded down 0.25% during mid-day trading on Thursday, hitting $32.35. 503,305 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $33.21 and a 200-day moving average price of $33.34. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The stock has a market cap of $24.36 billion, a P/E ratio of 25.43 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

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Several research analysts have weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser in a research report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Citigroup Inc. restated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.13.

Weyerhaeuser Company 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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