Sumitomo Mitsui Asset Management Company LTD reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 59,795 shares of the real estate investment trust’s stock after selling 3,915 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Weyerhaeuser were worth $2,003,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased 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 in the last quarter. Gulf International Bank UK Ltd increased 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 in the last quarter. National Pension Service increased 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 in the last quarter. Carroll Financial Associates Inc. increased 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 in the last quarter. Finally, Bank of Montreal Can increased 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 in the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 32.22 on Friday. The company has a market capitalization of $24.26 billion, a PE ratio of 25.33 and a beta of 1.40. The company’s 50-day moving average price is $33.12 and its 200-day moving average price is $33.34. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for 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 firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, equities analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

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