California Public Employees Retirement System Sells 14,700 Shares of Weyerhaeuser Co (WY)

California Public Employees Retirement System lowered its holdings in Weyerhaeuser Co (NYSE:WY) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,735,180 shares of the real estate investment trust’s stock after selling 14,700 shares during the period. California Public Employees Retirement System’s holdings in Weyerhaeuser were worth $45,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WY. Investors Research Corp acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at approximately $32,000. Westside Investment Management Inc. raised its position in shares of 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 valued at $29,000 after buying an additional 800 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of Weyerhaeuser by 121.8% in the 1st quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 727 shares in the last quarter. Finally, CNB Bank raised its position in shares of Weyerhaeuser by 784.0% in the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,176 shares in the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

WY stock opened at $24.98 on Wednesday. The company has a market cap of $18.72 billion, a P/E ratio of 21.17, a P/E/G ratio of 7.66 and a beta of 1.64. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $38.39. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business 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 quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. As a group, research analysts expect that Weyerhaeuser Co will post 0.66 earnings per share for the current fiscal year.

WY has been the subject of several analyst reports. Seaport Global Securities initiated coverage on shares of Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating for the company. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.10.

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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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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