Weyerhaeuser Co (WY) Holdings Trimmed by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,363 shares of the real estate investment trust’s stock after selling 5,316 shares during the period. Wedbush Securities Inc.’s holdings in Weyerhaeuser were worth $751,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Birmingham Capital Management Co. Inc. AL lifted its position in shares of Weyerhaeuser by 5.3% in the 4th quarter. Birmingham Capital Management Co. Inc. AL now owns 88,553 shares of the real estate investment trust’s stock worth $1,936,000 after buying an additional 4,430 shares during the last quarter. First Manhattan Co. lifted its position in shares of Weyerhaeuser by 63.9% in the 4th quarter. First Manhattan Co. now owns 33,100 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 12,900 shares during the last quarter. Slow Capital Inc. lifted its position in shares of Weyerhaeuser by 34.7% in the 4th quarter. Slow Capital Inc. now owns 49,697 shares of the real estate investment trust’s stock worth $1,086,000 after buying an additional 12,794 shares during the last quarter. Pendal Group Ltd lifted its position in shares of Weyerhaeuser by 8.6% in the 4th quarter. Pendal Group Ltd now owns 50,515 shares of the real estate investment trust’s stock worth $1,048,000 after buying an additional 4,014 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in shares of Weyerhaeuser in the 4th quarter worth about $382,000. 75.37% of the stock is owned by institutional investors.

In other news, insider Devin W. Stockfish acquired 27,890 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $26.93 per share, for a total transaction of $751,077.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

A number of research analysts have recently issued reports on WY shares. ValuEngine downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. Bank of America downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 2nd. Raymond James set a $29.00 price target on shares of Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, January 8th. DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $37.50 to $35.00 in a research report on Monday, October 29th. Finally, Vertical Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.33.

Shares of NYSE:WY opened at $26.75 on Friday. The stock has a market capitalization of $20.04 billion, a P/E ratio of 22.67, a PEG ratio of 5.27 and a beta of 1.64. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $38.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, research analysts expect that Weyerhaeuser Co will post 1.02 earnings per share for the current fiscal year.

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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 12.4 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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