Wealthstreet Investment Advisors LLC boosted its position in Weyerhaeuser Co (NYSE:WY) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,008 shares of the real estate investment trust’s stock after buying an additional 2,670 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Weyerhaeuser were worth $896,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Mutual of Omaha Bank Wealth Management grew its position in shares of Weyerhaeuser by 1.2% during the 4th quarter. Mutual of Omaha Bank Wealth Management now owns 32,487 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 385 shares during the last quarter. 1ST Source Bank grew its position in shares of Weyerhaeuser by 1.5% during the 1st quarter. 1ST Source Bank now owns 26,826 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 387 shares during the last quarter. Argyle Capital Management Inc. grew its position in shares of Weyerhaeuser by 0.3% during the 4th quarter. Argyle Capital Management Inc. now owns 118,208 shares of the real estate investment trust’s stock valued at $2,584,000 after buying an additional 400 shares during the last quarter. Rikoon Group LLC grew its position in shares of Weyerhaeuser by 2.8% during the 1st quarter. Rikoon Group LLC now owns 14,895 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 403 shares during the last quarter. Finally, Mairs & Power INC grew its position in Weyerhaeuser by 2.2% in the 4th quarter. Mairs & Power INC now owns 18,975 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 77.95% of the company’s stock.
Several research analysts have commented on the stock. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Friday, April 5th. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Seaport Global Securities assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating for the company. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Weyerhaeuser has a consensus rating of “Buy” and an average target price of $33.10.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.68 billion. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Equities research analysts forecast that Weyerhaeuser Co will post 0.66 EPS for the current year.
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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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