DAVENPORT & Co LLC decreased its position in Weyerhaeuser Co (NYSE:WY) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 49,434 shares of the real estate investment trust’s stock after selling 5,972 shares during the period. DAVENPORT & Co LLC’s holdings in Weyerhaeuser were worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Campbell Wealth Management acquired a new position in Weyerhaeuser in the 2nd quarter worth approximately $29,000. Watson Rebecca acquired a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $31,000. NEXT Financial Group Inc boosted its stake in shares of Weyerhaeuser by 59.9% during the 1st quarter. NEXT Financial Group Inc now owns 1,519 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 569 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Weyerhaeuser by 248.9% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,170 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at $31,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on WY shares. BMO Capital Markets decreased their target price on shares of Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating for the company in a research note on Monday, May 4th. Scotiabank lifted their target price on shares of Weyerhaeuser from $26.50 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Raymond James lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Monday, May 4th. Finally, Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Saturday, June 20th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

Weyerhaeuser stock opened at $27.81 on Friday. The company has a market capitalization of $20.75 billion, a P/E ratio of 57.94 and a beta of 1.89. The firm’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $23.32. The company has a current ratio of 1.37, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Weyerhaeuser Co has a 1-year low of $13.10 and a 1-year high of $31.58.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.44 billion. Weyerhaeuser had a net margin of 5.47% and a return on equity of 4.09%. Weyerhaeuser’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. On average, equities research analysts predict that Weyerhaeuser Co will post 0.27 earnings per share for the current year.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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