C WorldWide Group Holding A S decreased its position in Weyerhaeuser Co (NYSE:WY) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,076,306 shares of the real estate investment trust’s stock after selling 88,117 shares during the period. Weyerhaeuser makes up approximately 0.4% of C WorldWide Group Holding A S’s holdings, making the stock its 25th biggest position. C WorldWide Group Holding A S’s holdings in Weyerhaeuser were worth $28,350,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. grew its position in Weyerhaeuser by 160.0% in the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. CNB Bank grew its position in Weyerhaeuser by 784.0% in the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,176 shares during the last quarter. Mackey Komara & Dankovich LLC bought a new position in Weyerhaeuser in the 4th quarter worth about $31,000. Investors Research Corp bought a new position in Weyerhaeuser in the 1st quarter worth about $31,000. Finally, Truvestments Capital LLC bought a new position in shares of Weyerhaeuser in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.
Several research analysts have recently issued reports on the stock. Seaport Global Securities assumed coverage on shares of Weyerhaeuser in a report on Tuesday, April 2nd. They issued 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 price objective for the company in a report on Monday, March 11th. 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 report on Friday, April 5th. Finally, ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $33.10.
Weyerhaeuser stock opened at $25.66 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $19.39 billion, a PE ratio of 21.75, a P/E/G ratio of 8.16 and a beta of 1.64. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $38.39.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Weyerhaeuser Co will post 0.66 EPS for the current fiscal year.
Weyerhaeuser Company 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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