Teachers Advisors LLC Has $84.90 Million Position in Weyerhaeuser Company (WY)

Teachers Advisors LLC cut its stake in Weyerhaeuser Company (NYSE:WY) by 28.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,498,654 shares of the real estate investment trust’s stock after selling 989,007 shares during the period. Teachers Advisors LLC’s holdings in Weyerhaeuser Company were worth $84,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services increased its position in Weyerhaeuser Company by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser Company by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC boosted its position in shares of Weyerhaeuser Company by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Weyerhaeuser Company by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Weyerhaeuser Company by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,400 shares during the last quarter. 77.37% of the stock is currently owned by institutional investors.

Shares of Weyerhaeuser Company (NYSE WY) opened at 32.01 on Monday. The company has a market capitalization of $24.07 billion, a PE ratio of 21.94 and a beta of 1.41. The stock has a 50 day moving average of $33.31 and a 200-day moving average of $32.87. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.

Weyerhaeuser Company (NYSE:WY) last released its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts predict that Weyerhaeuser Company will post $1.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.87%. Weyerhaeuser Company’s payout ratio is 85.52%.

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WY has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser Company in a report on Wednesday, April 12th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser Company in a report on Tuesday, March 14th. Citigroup Inc. reiterated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Weyerhaeuser Company in a report on Saturday, April 22nd. Finally, BidaskClub cut shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $36.56.

In related news, Director Rick R. Holley sold 6,687 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total transaction of $234,045.00. Following the sale, the director now directly owns 557,707 shares in the company, valued at $19,519,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the sale, the director now owns 571,036 shares in the company, valued at $20,106,177.56. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Company Company Profile

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 Company (NYSE:WY)

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