Gabelli Funds LLC Decreases Position in Weyerhaeuser Co (WY)

Gabelli Funds LLC reduced its stake in Weyerhaeuser Co (NYSE:WY) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 451,000 shares of the real estate investment trust’s stock after selling 79,000 shares during the period. Gabelli Funds LLC’s holdings in Weyerhaeuser were worth $15,902,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WY. Principal Financial Group Inc. increased its stake in Weyerhaeuser by 110.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock worth $95,903,000 after purchasing an additional 1,476,159 shares during the period. Janus Henderson Group PLC increased its stake in Weyerhaeuser by 1,559.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after purchasing an additional 1,389,961 shares during the period. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 2.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after purchasing an additional 951,807 shares during the period. American Century Companies Inc. increased its stake in Weyerhaeuser by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after purchasing an additional 934,684 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Weyerhaeuser by 9.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock worth $322,797,000 after purchasing an additional 813,226 shares during the period. 74.79% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Co (WY) opened at $33.60 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47. Weyerhaeuser Co has a 12 month low of $30.95 and a 12 month high of $37.89. The stock has a market capitalization of $25,360.00, a P/E ratio of 43.64, a PEG ratio of 5.07 and a beta of 1.42.

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

In related news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the sale, the insider now directly owns 98,973 shares in the company, valued at $3,574,904.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of equities analysts have commented on WY shares. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Saturday, January 6th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Argus boosted their target price 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 set an “equal weight” rating and a $35.00 target price on the stock. Finally, TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.44.

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Weyerhaeuser 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 (NYSE:WY)

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