P.A.W. Capital Corp Holds Stake in Weyerhaeuser Company (NYSE:WY)

P.A.W. Capital Corp continued to hold its position in Weyerhaeuser Company (NYSE:WY) during the second quarter, Holdings Channel reports. The firm owned 20,000 shares of the real estate investment trust’s stock at the end of the second quarter. P.A.W. Capital Corp’s holdings in Weyerhaeuser were worth $670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services raised 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 worth $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC raised 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 worth $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its position in 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 worth $139,000 after buying an additional 20 shares during the last quarter. First Command Bank raised its position in Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,765 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised 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 worth $141,000 after buying an additional 1,772 shares during the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (NYSE:WY) traded up 0.50% on Friday, reaching $32.28. The company had a trading volume of 782,594 shares. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 25.38 and a beta of 1.40. The stock has a 50 day moving average price of $33.17 and a 200-day moving average price of $33.33.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts forecast that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

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A number of research analysts have recently issued reports on the company. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. reissued a “buy” rating and issued a $39.00 target price (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $37.13.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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