33,629 Shares in Weyerhaeuser Co (NYSE:WY) Purchased by Bristlecone Advisors LLC

Bristlecone Advisors LLC acquired a new position in Weyerhaeuser Co (NYSE:WY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,629 shares of the real estate investment trust’s stock, valued at approximately $932,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Meridian Investment Counsel Inc. grew its stake in Weyerhaeuser by 15.2% in the 3rd quarter. Meridian Investment Counsel Inc. now owns 96,942 shares of the real estate investment trust’s stock worth $2,685,000 after acquiring an additional 12,800 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in Weyerhaeuser by 4.1% in the 3rd quarter. OLD Second National Bank of Aurora now owns 91,409 shares of the real estate investment trust’s stock worth $2,532,000 after acquiring an additional 3,639 shares in the last quarter. Pinnacle Financial Partners Inc. grew its stake in Weyerhaeuser by 12.5% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 150,430 shares of the real estate investment trust’s stock worth $4,167,000 after acquiring an additional 16,707 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Weyerhaeuser by 26.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 12,780 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 2,641 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Weyerhaeuser by 9.2% in the 3rd quarter. Raymond James Trust N.A. now owns 45,290 shares of the real estate investment trust’s stock worth $1,255,000 after acquiring an additional 3,830 shares in the last quarter. 76.95% of the stock is currently owned by institutional investors.

NYSE WY opened at $29.37 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39. The firm’s 50 day moving average price is $27.70 and its 200-day moving average price is $25.99. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $29.61. The company has a market cap of $21.65 billion, a PE ratio of 24.89, a P/E/G ratio of 10.84 and a beta of 1.67.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. Weyerhaeuser’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser Co will post 0.54 earnings per share for the current fiscal year.

A number of brokerages have commented on WY. ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank set a $28.50 target price on shares of Weyerhaeuser and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets set a $32.00 target price on shares of Weyerhaeuser and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Bank of America set a $31.00 target price on shares of Weyerhaeuser and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada restated a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.44.

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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