Cullen Frost Bankers Inc. Acquires 119,137 Shares of Weyerhaeuser Co (WY)

Cullen Frost Bankers Inc. lifted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 23.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 630,732 shares of the real estate investment trust’s stock after buying an additional 119,137 shares during the period. Cullen Frost Bankers Inc.’s holdings in Weyerhaeuser were worth $16,577,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investors Research Corp acquired a new position in shares of Weyerhaeuser during the 1st quarter worth about $31,000. Truvestments Capital LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter worth about $32,000. Westside Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 160.0% during the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 800 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Weyerhaeuser by 121.8% during the 1st quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 727 shares during the last quarter. Finally, CNB Bank boosted its stake in shares of Weyerhaeuser by 784.0% during the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,176 shares during the last quarter. Institutional investors own 77.79% of the company’s stock.

A number of research firms have recently commented on WY. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. Seaport Global Securities assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 2nd. They set a “buy” rating for the company. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, March 11th. Finally, Raymond James set a $29.00 target price on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.10.

Shares of NYSE:WY opened at $26.46 on Friday. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $38.39. The stock has a market capitalization of $19.96 billion, a P/E ratio of 22.42, a PEG ratio of 8.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 1.10.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business posted $0.36 EPS. Weyerhaeuser’s revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts expect that Weyerhaeuser Co will post 0.66 EPS for the current year.

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Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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