SignalPoint Asset Management LLC Buys New Position in Weyerhaeuser Co (WY)

SignalPoint Asset Management LLC bought a new position in shares of Weyerhaeuser Co (NYSE:WY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,880 shares of the real estate investment trust’s stock, valued at approximately $268,000.

A number of other hedge funds have also bought and sold shares of WY. BlackRock Inc. lifted its stake 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 purchasing an additional 53,166,351 shares during the last quarter. Capital World Investors lifted its stake in Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after buying an additional 7,096,454 shares during the last quarter. Vanguard Group Inc. lifted its stake in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock valued at $1,626,729,000 after buying an additional 1,553,556 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Weyerhaeuser by 1,559.9% in the second quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock valued at $49,550,000 after buying an additional 1,389,961 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Weyerhaeuser by 8.6% in the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after buying an additional 1,273,679 shares during the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Weyerhaeuser Co (NYSE WY) traded up $0.10 during trading hours on Friday, hitting $35.71. The stock had a trading volume of 2,430,000 shares, compared to its average volume of 2,500,000. The firm has a market capitalization of $26.95 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 6.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Co has a 1-year low of $28.60 and a 1-year high of $36.30.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Weyerhaeuser’s quarterly revenue was up 9.5% on a year-over-year basis. analysts expect that Weyerhaeuser Co will post 1.18 earnings per share for the current fiscal year.

WY has been the subject of a number of research reports. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, July 7th. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research note on Monday, July 31st. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $28.58 to $36.00 in a research note on Monday, August 14th. Finally, JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Weyerhaeuser currently has an average rating of “Hold” and an average price target of $37.20.

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In related news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction 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 document filed with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Weyerhaeuser 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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