Lederer & Associates Investment Counsel CA decreased its stake in Weyerhaeuser Company (NYSE:WY) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,602 shares of the real estate investment trust’s stock after selling 1,390 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Weyerhaeuser were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WY. Boston Advisors LLC increased its stake in Weyerhaeuser by 7.7% in the second quarter. Boston Advisors LLC now owns 38,578 shares of the real estate investment trust’s stock valued at $1,292,000 after buying an additional 2,769 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in 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 valued at $993,000 after buying an additional 527 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its stake in 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 valued at $307,000 after buying an additional 273 shares during the last quarter. Cambridge Advisors Inc. increased its stake in Weyerhaeuser by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 30 shares during the last quarter. Finally, OLD Second National Bank of Aurora increased its stake in Weyerhaeuser by 3.5% in the second quarter. OLD Second National Bank of Aurora now owns 83,166 shares of the real estate investment trust’s stock valued at $2,786,000 after buying an additional 2,793 shares during the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Weyerhaeuser Company (NYSE WY) opened at 32.12 on Friday. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 25.25 and a beta of 1.40. The firm has a 50-day moving average price of $33.17 and a 200 day moving average price of $33.33.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. Weyerhaeuser’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. On average, equities research analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.watchlistnews.com/weyerhaeuser-company-wy-shares-sold-by-lederer-associates-investment-counsel-ca/1471975.html.

Several research firms recently weighed in on WY. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a report on Monday, July 31st. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $37.13.

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.

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

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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