Wealthfront Advisers LLC Buys 4,834 Shares of Weyerhaeuser Co (NYSE:WY)

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Wealthfront Advisers LLC boosted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 15.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,206 shares of the real estate investment trust’s stock after buying an additional 4,834 shares during the period. Wealthfront Advisers LLC’s holdings in Weyerhaeuser were worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management boosted its position in shares of Weyerhaeuser by 0.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 59,944 shares of the real estate investment trust’s stock worth $1,810,000 after purchasing an additional 368 shares in the last quarter. Berkeley Capital Partners LLC boosted its holdings in Weyerhaeuser by 1.0% in the 3rd quarter. Berkeley Capital Partners LLC now owns 37,095 shares of the real estate investment trust’s stock worth $1,028,000 after buying an additional 370 shares during the period. Stelac Advisory Services LLC boosted its holdings in shares of Weyerhaeuser by 7.2% during the 3rd quarter. Stelac Advisory Services LLC now owns 5,627 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 379 shares during the last quarter. M&R Capital Management Inc. boosted its holdings in shares of Weyerhaeuser by 29.2% during the 3rd quarter. M&R Capital Management Inc. now owns 1,768 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 400 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,120 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 76.32% of the company’s stock.

NYSE:WY opened at $30.82 on Friday. Weyerhaeuser Co has a 12 month low of $22.35 and a 12 month high of $31.58. The firm has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $27.89. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $22.72 billion, a P/E ratio of -146.76 and a beta of 1.65.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser Co will post 0.41 EPS for the current year.

A number of analysts recently weighed in on WY shares. Citigroup increased their price objective on shares of Weyerhaeuser from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, January 6th. ValuEngine downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, Scotiabank set a $28.50 target price on shares of Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Weyerhaeuser currently has an average rating of “Buy” and a consensus price target of $31.64.

About Weyerhaeuser

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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