Laffer Investments continued to hold its stake in shares of Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,200 shares of the real estate investment trust’s stock at the end of the first quarter. Laffer Investments’ holdings in Weyerhaeuser were worth $1,978,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of WY. First Personal Financial Services boosted its position in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares in the last quarter. Gemmer Asset Management LLC boosted its position in shares of Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,400 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in shares of Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Weyerhaeuser Company (NYSE WY) opened at 32.22 on Friday. The company has a 50-day moving average of $33.12 and a 200-day moving average of $33.34. The company has a market capitalization of $24.26 billion, a PE ratio of 25.33 and a beta of 1.40. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current year.
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Several brokerages have recently commented on WY. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $37.13.
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.
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