Cambridge Investment Research Advisors Inc. boosted its stake in shares of Weyerhaeuser Co (NYSE:WY) by 26.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 199,682 shares of the real estate investment trust’s stock after buying an additional 41,839 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Weyerhaeuser were worth $4,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FDx Advisors Inc. bought a new position in Weyerhaeuser during the 1st quarter worth approximately $56,873,000. Prudential PLC purchased a new stake in shares of Weyerhaeuser in the 1st quarter worth about $48,772,000. M&G Investment Management Ltd. increased its stake in shares of Weyerhaeuser by 1,392.5% in the 2nd quarter. M&G Investment Management Ltd. now owns 2,802,972 shares of the real estate investment trust’s stock worth $61,665,000 after acquiring an additional 2,615,166 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Weyerhaeuser by 30.6% during the 1st quarter. JPMorgan Chase & Co. now owns 10,099,229 shares of the real estate investment trust’s stock valued at $171,182,000 after acquiring an additional 2,364,842 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Weyerhaeuser by 26.1% during the 1st quarter. Bank of New York Mellon Corp now owns 8,489,529 shares of the real estate investment trust’s stock valued at $143,897,000 after acquiring an additional 1,756,053 shares during the period. 76.98% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on WY. BMO Capital Markets reduced their price target on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating for the company in a report on Monday, May 4th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Saturday, June 20th. Raymond James cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Monday, May 4th. Finally, Scotiabank lifted their target price on Weyerhaeuser from $26.50 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.00.

Shares of WY opened at $27.81 on Friday. The firm has a fifty day simple moving average of $23.68 and a two-hundred day simple moving average of $23.32. The firm has a market cap of $20.75 billion, a PE ratio of 57.94 and a beta of 1.89. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Weyerhaeuser Co has a 1-year low of $13.10 and a 1-year high of $31.58.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.11 EPS for the quarter, beating 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 4.09% and a net margin of 5.47%. Weyerhaeuser’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. As a group, research analysts forecast that Weyerhaeuser Co will post 0.27 EPS for the current fiscal year.

Weyerhaeuser 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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