Cascade Investment Advisors Inc. decreased its stake in Weyerhaeuser Company (NYSE:WY) by 19.0% during the second quarter, Holdings Channel reports. The fund owned 43,807 shares of the real estate investment trust’s stock after selling 10,297 shares during the period. Weyerhaeuser accounts for about 1.2% of Cascade Investment Advisors Inc.’s holdings, making the stock its 28th largest position. Cascade Investment Advisors Inc.’s holdings in Weyerhaeuser were worth $1,468,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WY. Vigilant Capital Management LLC boosted its position in Weyerhaeuser by 11.4% in the second quarter. Vigilant Capital Management LLC now owns 272,824 shares of the real estate investment trust’s stock valued at $9,140,000 after buying an additional 27,967 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Weyerhaeuser by 7.6% in the second quarter. Eqis Capital Management Inc. now owns 13,879 shares of the real estate investment trust’s stock valued at $465,000 after buying an additional 985 shares during the last quarter. Ledyard National Bank boosted its position in Weyerhaeuser by 0.6% in the second quarter. Ledyard National Bank now owns 181,873 shares of the real estate investment trust’s stock valued at $6,093,000 after buying an additional 1,135 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Weyerhaeuser by 518.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 123,323 shares of the real estate investment trust’s stock valued at $4,131,000 after buying an additional 103,373 shares during the last quarter. Finally, BTR Capital Management Inc. boosted its position in Weyerhaeuser by 0.4% in the second quarter. BTR Capital Management Inc. now owns 240,424 shares of the real estate investment trust’s stock valued at $8,054,000 after buying an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) traded up 0.56% during midday trading on Friday, reaching $32.30. The company’s stock had a trading volume of 595,084 shares. The company has a market cap of $24.32 billion, a PE ratio of 25.39 and a beta of 1.40. The company’s 50-day moving average price is $33.17 and its 200-day moving average price is $33.33. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.

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

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Several research firms recently commented on WY. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research report on Monday, July 31st. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target 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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