Bollard Group LLC lifted its position in Weyerhaeuser Company (NYSE:WY) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,272 shares of the real estate investment trust’s stock after purchasing an additional 4,470 shares during the quarter. Weyerhaeuser comprises 0.6% of Bollard Group LLC’s holdings, making the stock its 25th largest position. Bollard Group LLC’s holdings in Weyerhaeuser were worth $10,797,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Weyerhaeuser by 3,527.2% during the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after acquiring an additional 53,166,351 shares during the period. Vanguard Group Inc. grew its holdings in Weyerhaeuser by 3.2% during the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after acquiring an additional 1,535,736 shares during the period. First Eagle Investment Management LLC grew its holdings in Weyerhaeuser by 3.3% during the second quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock worth $1,231,500,000 after acquiring an additional 1,181,780 shares during the period. State Street Corp grew its holdings in Weyerhaeuser by 0.8% during the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after acquiring an additional 245,129 shares during the period. Finally, Capital World Investors grew its holdings in Weyerhaeuser by 67.0% during the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after acquiring an additional 7,096,454 shares during the period. Hedge funds and other institutional investors own 75.26% of the company’s stock.
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In other news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE WY) traded up 0.03% during mid-day trading on Tuesday, reaching $35.62. The company’s stock had a trading volume of 1,187,455 shares. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 28.00 and a beta of 1.39. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.95. The company’s 50 day moving average price is $34.21 and its 200-day moving average price is $33.40.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. Analysts predict that Weyerhaeuser Company will post $1.08 earnings per share for the current fiscal year.
WY has been the topic of several analyst reports. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $28.58 to $36.00 in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.
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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