Pettyjohn Wood & White Inc. reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,201 shares of the real estate investment trust’s stock after selling 233 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Weyerhaeuser were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cbre Clarion Securities LLC lifted its holdings in Weyerhaeuser by 89.7% during the 2nd quarter. Cbre Clarion Securities LLC now owns 227,300 shares of the real estate investment trust’s stock worth $7,615,000 after purchasing an additional 107,500 shares during the last quarter. Cibc World Markets Corp lifted its holdings in Weyerhaeuser by 35.7% during the 2nd quarter. Cibc World Markets Corp now owns 106,162 shares of the real estate investment trust’s stock worth $3,556,000 after purchasing an additional 27,950 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Weyerhaeuser by 4.1% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 156,370 shares of the real estate investment trust’s stock worth $5,238,000 after purchasing an additional 6,200 shares during the last quarter. M&T Bank Corp lifted its holdings in Weyerhaeuser by 3.9% during the 2nd quarter. M&T Bank Corp now owns 1,203,346 shares of the real estate investment trust’s stock worth $40,311,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Wealthfront Inc. lifted its holdings in Weyerhaeuser by 2.6% during the 2nd quarter. Wealthfront Inc. now owns 11,554 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 295 shares during the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.

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Shares of Weyerhaeuser Company (NYSE WY) traded up 0.48% during trading on Friday, reaching $33.58. The company’s stock had a trading volume of 2,535,051 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 $25.28 billion, a P/E ratio of 26.40 and a beta of 1.39. The stock has a 50-day moving average of $32.38 and a 200-day moving average of $33.26.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. Analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.69%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.

Several analysts recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $37.25.

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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