Virtu KCG Holdings LLC grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 123.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,249 shares of the real estate investment trust’s stock after buying an additional 16,158 shares during the period. Virtu KCG Holdings LLC’s holdings in Weyerhaeuser were worth $980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its holdings in shares of Weyerhaeuser by 9.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,185,277 shares of the real estate investment trust’s stock worth $74,256,000 after acquiring an additional 185,985 shares during the period. British Columbia Investment Management Corp increased its holdings in shares of Weyerhaeuser by 4.3% during the 1st quarter. British Columbia Investment Management Corp now owns 419,046 shares of the real estate investment trust’s stock worth $14,239,000 after buying an additional 17,205 shares during the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of Weyerhaeuser by 0.4% during the 1st 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 during the last quarter. Birmingham Capital Management Co. Inc. AL increased its holdings in shares of Weyerhaeuser by 1.8% during the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 89,286 shares of the real estate investment trust’s stock worth $3,034,000 after buying an additional 1,600 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth $9,694,000. 75.23% of the stock is owned by institutional investors.

WY has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Friday, June 23rd. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.25.

Shares of Weyerhaeuser Company (NYSE WY) opened at 34.03 on Monday. The firm has a market capitalization of $25.62 billion, a PE ratio of 26.75 and a beta of 1.39. The company has a 50-day moving average price of $32.38 and a 200 day moving average price of $33.26. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.

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, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business 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%. Weyerhaeuser’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. Analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.31 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.64%. Weyerhaeuser’s dividend payout ratio is 97.64%.

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Weyerhaeuser 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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