Korea Investment CORP boosted its stake in Weyerhaeuser Company (NYSE:WY) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,644 shares of the real estate investment trust’s stock after buying an additional 16,871 shares during the period. Korea Investment CORP’s holdings in Weyerhaeuser were worth $6,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after buying an additional 53,166,351 shares in the last quarter. American Century Companies Inc. raised its position in Weyerhaeuser by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock valued at $504,615,000 after buying an additional 1,858,252 shares in the last quarter. Vanguard Group Inc. raised its position in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock valued at $1,626,729,000 after buying an additional 1,553,556 shares in the last quarter. First Eagle Investment Management LLC raised its position in Weyerhaeuser by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock valued at $1,208,988,000 after buying an additional 1,260,154 shares in the last quarter. Finally, FIL Ltd raised its position in Weyerhaeuser by 83.8% in the first quarter. FIL Ltd now owns 2,496,868 shares of the real estate investment trust’s stock valued at $84,843,000 after buying an additional 1,138,318 shares in the last quarter. Institutional investors and hedge funds own 76.20% of the company’s stock.

Weyerhaeuser Company (NYSE:WY) opened at 31.17 on Friday. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 24.50 and a beta of 1.40. The company has a 50-day moving average price of $32.88 and a 200-day moving average price of $33.35.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’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 posted $0.17 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

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Several research analysts have recently commented on WY shares. Citigroup Inc. restated a “buy” rating and set a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.

Weyerhaeuser Company 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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