Shell Asset Management Co. held its stake in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 348,882 shares of the real estate investment trust’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Weyerhaeuser were worth $11,688,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Weyerhaeuser by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,962 shares of the real estate investment trust’s stock worth $9,118,000 after buying an additional 7,182 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Weyerhaeuser by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 239,555 shares of the real estate investment trust’s stock worth $8,140,000 after buying an additional 3,300 shares during the last quarter. National Pension Service raised its stake in shares of Weyerhaeuser by 0.4% in the first quarter. National Pension Service now owns 634,653 shares of the real estate investment trust’s stock worth $21,508,000 after buying an additional 2,409 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Weyerhaeuser 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 during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Weyerhaeuser by 6.3% in the first quarter. Bank of Montreal Can now owns 800,130 shares of the real estate investment trust’s stock worth $27,188,000 after buying an additional 47,633 shares during the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 32.12 on Friday. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 25.25 and a beta of 1.40. The company’s 50-day moving average is $33.17 and its 200-day moving average 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 results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion during 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%. Weyerhaeuser’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. Analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current year.

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WY has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser in a report on Tuesday, April 18th. Citigroup Inc. restated a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, May 17th. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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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