First Republic Investment Management Inc. Has $26.95 Million Stake in Weyerhaeuser Co (WY)

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First Republic Investment Management Inc. lifted its stake in Weyerhaeuser Co (NYSE:WY) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,022,993 shares of the real estate investment trust’s stock after buying an additional 58,285 shares during the period. First Republic Investment Management Inc.’s holdings in Weyerhaeuser were worth $26,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its holdings in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock valued at $3,108,681,000 after purchasing an additional 5,195,461 shares during the period. American Century Companies Inc. increased its holdings in Weyerhaeuser by 32.2% during the 4th quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock valued at $369,530,000 after purchasing an additional 4,119,961 shares during the period. Geode Capital Management LLC increased its holdings in Weyerhaeuser by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock valued at $246,032,000 after purchasing an additional 711,947 shares during the period. Norges Bank purchased a new position in Weyerhaeuser during the 4th quarter valued at about $173,259,000. Finally, Morgan Stanley boosted its position in Weyerhaeuser by 4.2% during the 3rd quarter. Morgan Stanley now owns 7,870,171 shares of the real estate investment trust’s stock valued at $253,969,000 after acquiring an additional 314,752 shares in the last quarter. Hedge funds and other institutional investors own 77.79% of the company’s stock.

Shares of WY opened at $26.46 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $38.39. The company has a market capitalization of $19.71 billion, a PE ratio of 22.42, a P/E/G ratio of 8.17 and a beta of 1.64.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser Co will post 0.66 earnings per share for the current fiscal year.

Several analysts have weighed in on WY shares. Raymond James set a $29.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, January 8th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Seaport Global Securities started coverage on Weyerhaeuser in a research report on Wednesday, January 23rd. They set a “buy” rating and a $30.00 price objective on the stock. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, March 11th. Finally, Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.10.

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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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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