Colonial Trust Advisors Increases Stake in Weyerhaeuser Company (WY)

Colonial Trust Advisors increased its stake in Weyerhaeuser Company (NYSE:WY) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,380 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. Colonial Trust Advisors’ holdings in Weyerhaeuser were worth $1,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. First Personal Financial Services increased its position in 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 during the period. Alexandria Capital LLC increased its position in 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 during the period. Gemmer Asset Management LLC increased its position in Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares during the period. Carroll Financial Associates Inc. increased its position in 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 during the period. Finally, Chicago Partners Investment Group LLC increased its position in Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 76.20% of the company’s stock.

Weyerhaeuser Company (NYSE:WY) traded down 0.35% during mid-day trading on Friday, hitting $31.17. 2,798,142 shares of the stock traded hands. The firm’s 50-day moving average is $32.93 and its 200-day moving average is $33.35. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 24.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. Equities research analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current year.

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Several research firms recently weighed in on WY. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. restated a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Hold” and an average target price of $37.00.

Weyerhaeuser Company Profile

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)

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