Bourgeon Capital Management LLC raised its holdings in Weyerhaeuser Co (NYSE:WY) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,571 shares of the real estate investment trust’s stock after acquiring an additional 4,935 shares during the period. Weyerhaeuser comprises about 3.3% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Bourgeon Capital Management LLC’s holdings in Weyerhaeuser were worth $6,027,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WY. FMR LLC boosted its position in shares of Weyerhaeuser by 336.8% during the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock worth $54,594,000 after buying an additional 1,598,165 shares during the period. OLD Point Trust & Financial Services N A boosted its position in shares of Weyerhaeuser by 2.2% during the second quarter. OLD Point Trust & Financial Services N A now owns 97,060 shares of the real estate investment trust’s stock worth $2,557,000 after buying an additional 2,050 shares during the period. First American Trust FSB acquired a new position in shares of Weyerhaeuser during the second quarter worth about $4,855,000. O Keefe Stevens Advisory Inc. boosted its position in shares of Weyerhaeuser by 6.4% during the second quarter. O Keefe Stevens Advisory Inc. now owns 228,364 shares of the real estate investment trust’s stock worth $6,015,000 after buying an additional 13,786 shares during the period. Finally, Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Weyerhaeuser during the second quarter worth about $263,000. 77.00% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Bank of America set a $31.00 price objective on Weyerhaeuser and gave the stock a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. BMO Capital Markets set a $32.00 price objective on Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, September 17th. ValuEngine raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank set a $28.50 price objective on Weyerhaeuser and gave the stock a “hold” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and an average price target of $30.93.

WY traded up $0.28 on Friday, hitting $29.63. 2,328,918 shares of the company were exchanged, compared to its average volume of 4,317,481. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $30.28. The company has a market cap of $22.11 billion, a PE ratio of 25.11 and a beta of 1.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.22 and a current ratio of 1.55. The stock’s fifty day moving average is $28.20 and its 200-day moving average is $26.16.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser Co will post 0.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.59%. Weyerhaeuser’s payout ratio is presently 115.25%.

About Weyerhaeuser

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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