First PREMIER Bank Boosts Position in Weyerhaeuser Company (NYSE:WY)

First PREMIER Bank boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,583 shares of the real estate investment trust’s stock after buying an additional 3,035 shares during the period. First PREMIER Bank’s holdings in Weyerhaeuser were worth $891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alexandria Capital LLC increased its stake 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 period. Kistler Tiffany Companies LLC increased its stake in Weyerhaeuser by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,655 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 20 shares during the period. Cambridge Advisors Inc. increased its stake in Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 30 shares during the period. New England Private Wealth Advisors LLC increased its stake in Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares during the period. Finally, Loudon Investment Management LLC increased its stake in Weyerhaeuser by 1.2% in the first quarter. Loudon Investment Management LLC now owns 6,845 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 82 shares during the period. 76.20% of the stock is currently owned by institutional investors.

Weyerhaeuser Company (NYSE:WY) opened at 31.17 on Friday. The stock has a market cap of $23.47 billion, a P/E ratio of 24.50 and a beta of 1.40. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The stock has a 50 day moving average of $32.88 and a 200 day moving average of $33.35.

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

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WY has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and set a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, July 7th. Finally, BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target 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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