Weyerhaeuser Company (WY) Shares Bought by State Treasurer State of Michigan

State Treasurer State of Michigan increased its stake in Weyerhaeuser Company (NYSE:WY) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,961 shares of the real estate investment trust’s stock after buying an additional 900 shares during the period. State Treasurer State of Michigan’s holdings in Weyerhaeuser were worth $8,273,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. First Personal Financial Services increased its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC increased its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares in the last quarter. Gemmer Asset Management LLC increased its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares in the last quarter. First Command Bank increased its stake in shares of Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser Company (WY) traded down 0.35% on Friday, hitting $31.17. The stock had a trading volume of 2,798,142 shares. The firm has a market cap of $23.47 billion, a P/E ratio of 24.50 and a beta of 1.40. The company’s 50-day moving average price is $32.88 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 announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during 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 quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Weyerhaeuser Company (WY) Shares Bought by State Treasurer State of Michigan” was originally posted by BNB Daily and is owned by of BNB Daily. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/19/state-treasurer-state-of-michigan-purchases-900-shares-of-weyerhaeuser-company-wy-updated-updated-updated.html.

A number of research firms have commented on WY. BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their target price for the company from $28.58 to $36.00 in a report on Monday. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a report on Monday. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.00.

About Weyerhaeuser

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.

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply