Retirement Systems of Alabama Trims Position in Weyerhaeuser Co (WY)

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Retirement Systems of Alabama cut its stake in Weyerhaeuser Co (NYSE:WY) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 349,409 shares of the real estate investment trust’s stock after selling 5,927 shares during the quarter. Retirement Systems of Alabama’s holdings in Weyerhaeuser were worth $11,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WY. Interactive Financial Advisors lifted its position in Weyerhaeuser by 145.1% in the second quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,714 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Weyerhaeuser in the third quarter valued at $113,000. Westbourne Investment Advisors Inc. purchased a new stake in Weyerhaeuser in the third quarter valued at $129,000. Quad Cities Investment Group LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $136,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $171,000. 76.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser stock opened at $26.63 on Thursday. Weyerhaeuser Co has a 52-week low of $25.75 and a 52-week high of $38.39. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The stock has a market cap of $19.85 billion, a PE ratio of 23.16, a PEG ratio of 3.40 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Co will post 1.47 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on WY shares. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. DA Davidson raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and reduced their target price for the company from $37.50 to $35.00 in a report on Monday. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. BMO Capital Markets reduced their target price on shares of Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Citigroup reduced their target price on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Buy” and a consensus price target of $35.83.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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