Aviva PLC Decreases Position in Weyerhaeuser Company $WY

Aviva PLC lowered its holdings in Weyerhaeuser Company (NYSE:WY) by 54.0% in the 2nd quarter, Holdings Channel reports. The firm owned 541,561 shares of the real estate investment trust’s stock after selling 636,239 shares during the period. Aviva PLC’s holdings in Weyerhaeuser were worth $13,913,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in Weyerhaeuser by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 520,443 shares of the real estate investment trust’s stock worth $15,239,000 after purchasing an additional 17,748 shares during the last quarter. Allworth Financial LP increased its position in shares of Weyerhaeuser by 8.7% during the 1st quarter. Allworth Financial LP now owns 7,559 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 608 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Weyerhaeuser by 14.9% in the 1st quarter. New York State Common Retirement Fund now owns 639,474 shares of the real estate investment trust’s stock worth $18,724,000 after purchasing an additional 83,000 shares during the period. MQS Management LLC purchased a new position in shares of Weyerhaeuser in the first quarter worth approximately $323,000. Finally, Bleakley Financial Group LLC grew its position in Weyerhaeuser by 416.6% during the first quarter. Bleakley Financial Group LLC now owns 40,029 shares of the real estate investment trust’s stock valued at $1,172,000 after buying an additional 32,280 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE WY opened at $22.75 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a twelve month low of $22.28 and a twelve month high of $32.70. The business has a 50-day moving average price of $24.18 and a 200-day moving average price of $25.38. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WY shares. Citigroup decreased their price target on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. DA Davidson lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. CIBC cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Finally, Royal Bank Of Canada decreased their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.