Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Weyerhaeuser Co (NYSE:WY) by 3.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,744 shares of the real estate investment trust’s stock after buying an additional 800 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Weyerhaeuser were worth $658,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc lifted its position in shares of Weyerhaeuser by 197.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 789 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its position in Weyerhaeuser by 24.7% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 460 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in Weyerhaeuser by 25.4% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 65,780 shares of the real estate investment trust’s stock valued at $1,733,000 after buying an additional 13,309 shares during the period. Renaissance Technologies LLC increased its stake in Weyerhaeuser by 748.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,164,540 shares of the real estate investment trust’s stock valued at $30,674,000 after buying an additional 1,027,340 shares during the period. Finally, Artemis Investment Management LLP increased its stake in Weyerhaeuser by 1.1% during the 2nd quarter. Artemis Investment Management LLP now owns 646,616 shares of the real estate investment trust’s stock valued at $16,978,000 after buying an additional 7,337 shares during the period. Institutional investors own 76.90% of the company’s stock.

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

Weyerhaeuser stock traded down $0.36 during trading hours on Tuesday, hitting $29.19. 1,543,768 shares of the company traded hands, compared to its average volume of 3,383,954. The firm has a market cap of $22.08 billion, a P/E ratio of 24.73 and a beta of 1.66. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $28.28 and its two-hundred day simple moving average is $26.19. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $30.28.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities research analysts predict that Weyerhaeuser Co will post 0.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.66%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.

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.

Further Reading: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.