Weyerhaeuser Company (WY) Stake Held by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC held its position in Weyerhaeuser Company (NYSE:WY) during the second quarter, Holdings Channel reports. The firm owned 69,293 shares of the real estate investment trust’s stock at the end of the second quarter. Wellington Shields Capital Management LLC’s holdings in Weyerhaeuser were worth $2,321,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Pinnacle Bank purchased a new position in Weyerhaeuser during the first quarter valued at $156,000. DnB Asset Management AS boosted its position in Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 13,300 shares during the period. OLD Second National Bank of Aurora boosted its position in Weyerhaeuser by 17,880.5% in the first quarter. OLD Second National Bank of Aurora now owns 80,373 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 79,926 shares during the period. Peoples Financial Services CORP. boosted its position in Weyerhaeuser by 3.0% in the first quarter. Peoples Financial Services CORP. now owns 58,566 shares of the real estate investment trust’s stock valued at $1,989,000 after buying an additional 1,700 shares during the period. Finally, Eagle Ridge Investment Management boosted its position in Weyerhaeuser by 7.6% in the first quarter. Eagle Ridge Investment Management now owns 168,756 shares of the real estate investment trust’s stock valued at $5,734,000 after buying an additional 11,865 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.

Weyerhaeuser Company (WY) traded down 0.46% during mid-day trading on Thursday, hitting $32.28. 709,721 shares of the stock traded hands. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 25.38 and a beta of 1.40. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The company’s 50 day moving average price is $33.21 and its 200-day moving average price is $33.34.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

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A number of research analysts have weighed in on WY shares. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 12th. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Weyerhaeuser in a research note on Tuesday, April 18th. Finally, ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.13.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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