Wellington Shields & Co. LLC decreased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 3.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,058 shares of the real estate investment trust’s stock after selling 2,006 shares during the period. Wellington Shields & Co. LLC’s holdings in Weyerhaeuser were worth $1,800,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WY. Exane Derivatives raised its stake in Weyerhaeuser by 94,833.3% in the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,845 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Weyerhaeuser by 60.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,453 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in Weyerhaeuser by 324.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 3,490 shares during the last quarter. Boston Private Wealth LLC acquired a new position in Weyerhaeuser in the 3rd quarter valued at $206,000. Finally, Sky Investment Group LLC acquired a new position in Weyerhaeuser in the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 74.79% of the company’s stock.

Shares of Weyerhaeuser Co (WY) opened at $34.52 on Thursday. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89. The stock has a market capitalization of $26,191.13, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 5.07 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts anticipate that Weyerhaeuser Co will post 1.37 earnings per share for the current fiscal year.

Several research analysts recently commented on WY shares. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Argus increased their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Finally, Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Saturday, January 13th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.44.

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

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About Weyerhaeuser

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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