Eqis Capital Management Inc. boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 13,879 shares of the real estate investment trust’s stock after buying an additional 985 shares during the period. Eqis Capital Management Inc.’s holdings in Weyerhaeuser were worth $465,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Alexandria Capital LLC raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in Weyerhaeuser by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,655 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 20 shares in the last quarter. Gemmer Asset Management LLC raised its position in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares in the last quarter. Cambridge Advisors Inc. raised its position in Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 30 shares in the last quarter. Finally, New England Private Wealth Advisors LLC raised its position in Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares in the last quarter. 76.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser Company (WY) traded down 0.25% during trading on Thursday, reaching $32.35. The company’s stock had a trading volume of 503,305 shares. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 25.43 and a beta of 1.40. The stock’s 50 day moving average price is $33.21 and its 200-day moving average price is $33.34.

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

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A number of research firms recently commented on WY. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 31st. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus 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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