Shelton Capital Management boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 211.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,170 shares of the real estate investment trust’s stock after buying an additional 67,300 shares during the period. Shelton Capital Management’s holdings in Weyerhaeuser were worth $3,370,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake 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 worth $1,857,812,000 after buying an additional 53,166,351 shares during the period. Vanguard Group Inc. raised its stake 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 worth $1,626,729,000 after buying an additional 1,553,556 shares during the period. First Eagle Investment Management LLC raised its stake 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 worth $1,208,988,000 after buying an additional 1,260,154 shares during the period. State Street Corp raised its stake in Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after buying an additional 245,129 shares during the period. Finally, American Century Companies Inc. raised its stake 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 worth $504,615,000 after buying an additional 1,858,252 shares during the period. 76.20% of the stock is owned by institutional investors.
Shares of Weyerhaeuser Company (NYSE WY) traded down 0.35% during midday trading on Friday, hitting $31.17. 2,798,142 shares of the stock traded hands. The company has a market capitalization of $23.47 billion, a PE ratio of 24.50 and a beta of 1.40. The firm’s 50 day moving average price is $32.93 and its 200 day moving average price is $33.35. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business 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%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. Analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current year.
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WY has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $28.58 to $36.00 in a research report on Monday. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a research report on Monday, July 31st. Finally, BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $37.00.
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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