M&T Bank Corp raised its stake in Weyerhaeuser Company (NYSE:WY) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,158,346 shares of the real estate investment trust’s stock after buying an additional 45,520 shares during the period. M&T Bank Corp’s holdings in Weyerhaeuser Company were worth $39,361,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. First Personal Financial Services increased its position in Weyerhaeuser Company by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC increased its position in Weyerhaeuser Company 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 in the last quarter. Independent Advisor Alliance purchased a new position in Weyerhaeuser Company during the fourth quarter worth about $124,000. Gemmer Asset Management LLC increased its position in Weyerhaeuser Company by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,182 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its position in Weyerhaeuser Company by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,772 shares in the last quarter. 77.37% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Company (NYSE WY) opened at 32.85 on Wednesday. The firm has a 50 day moving average price of $33.28 and a 200 day moving average price of $32.82. The stock has a market capitalization of $24.70 billion, a P/E ratio of 22.52 and a beta of 1.46. Weyerhaeuser Company has a 52 week low of $26.55 and a 52 week high of $35.50.

Weyerhaeuser Company (NYSE:WY) last announced its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser Company had a return on equity of 6.22% and a net margin of 16.58%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Weyerhaeuser Company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser Company will post $1.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Wednesday, June 7th. Weyerhaeuser Company’s payout ratio is currently 85.52%.

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A number of research analysts recently issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser Company in a research note on Friday, June 23rd. BidaskClub upgraded Weyerhaeuser Company from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. ValuEngine upgraded Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser Company in a research note on Tuesday, May 23rd. Finally, Citigroup Inc. restated a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser Company in a research note on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.88.

In other news, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the completion of the transaction, the director now directly owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick R. Holley sold 6,687 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total value of $234,045.00. Following the transaction, the director now directly owns 557,707 shares of the company’s stock, valued at $19,519,745. The disclosure for this sale can be found here. Insiders have sold 220,659 shares of company stock worth $7,742,721 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Weyerhaeuser Company 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 Company (NYSE:WY)

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