OLD Point Trust & Financial Services N A increased its position in shares of Weyerhaeuser Company (NYSE:WY) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,280 shares of the real estate investment trust’s stock after buying an additional 5,950 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Weyerhaeuser were worth $2,153,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Moody Lynn & Lieberson LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth about $395,000. 1ST Source Bank raised its stake in shares of Weyerhaeuser by 1.0% in the second quarter. 1ST Source Bank now owns 30,592 shares of the real estate investment trust’s stock worth $1,025,000 after buying an additional 295 shares during the period. Boston Advisors LLC raised its stake in shares of Weyerhaeuser by 7.7% in the second quarter. Boston Advisors LLC now owns 38,578 shares of the real estate investment trust’s stock worth $1,292,000 after buying an additional 2,769 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Weyerhaeuser by 1.8% in the second quarter. Moloney Securities Asset Management LLC now owns 29,634 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 527 shares during the period. Finally, Lodestar Investment Counsel LLC IL raised its stake in shares of Weyerhaeuser by 3.1% in the second quarter. Lodestar Investment Counsel LLC IL now owns 9,177 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) opened at 32.22 on Friday. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The company has a market cap of $24.26 billion, a P/E ratio of 25.33 and a beta of 1.40. The company’s 50 day moving average is $33.12 and its 200-day moving average is $33.34.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Finally, ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.13.

About Weyerhaeuser

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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