15,998 Shares in Weyerhaeuser Co (WY) Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC purchased a new stake in Weyerhaeuser Co (NYSE:WY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 15,998 shares of the real estate investment trust’s stock, valued at approximately $564,000.

Several other large investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont boosted its position in Weyerhaeuser by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after acquiring an additional 3,231 shares during the period. Eagle Ridge Investment Management boosted its position in Weyerhaeuser by 3.0% during the 4th quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after acquiring an additional 5,439 shares during the period. Atlantic Trust Group LLC boosted its position in Weyerhaeuser by 8.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after acquiring an additional 27,233 shares during the period. Asset Management One Co. Ltd. boosted its position in Weyerhaeuser by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after acquiring an additional 7,084 shares during the period. Finally, Schroder Investment Management Group boosted its position in Weyerhaeuser by 11.8% during the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after acquiring an additional 19,570 shares during the period. Institutional investors and hedge funds own 74.79% of the company’s stock.

In other news, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the sale, the insider now directly owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Shares of Weyerhaeuser Co (NYSE WY) opened at $33.79 on Friday. Weyerhaeuser Co has a one year low of $30.95 and a one year high of $37.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47. The firm has a market capitalization of $25,375.49, a PE ratio of 29.22, a PEG ratio of 5.02 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. equities research analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Stephens assumed coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective for the company. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Argus raised their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research report on Saturday, January 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.44.

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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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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