Forbes J M & Co. LLP Boosts Stock Holdings in Weyerhaeuser Co (NYSE:WY)

Forbes J M & Co. LLP boosted its position in Weyerhaeuser Co (NYSE:WY) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,886 shares of the real estate investment trust’s stock after purchasing an additional 780 shares during the period. Forbes J M & Co. LLP’s holdings in Weyerhaeuser were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Weyerhaeuser by 1.9% during the first quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock worth $1,394,812,000 after acquiring an additional 1,006,414 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Weyerhaeuser by 9.2% in the first quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock worth $486,350,000 after purchasing an additional 1,559,897 shares during the period. Geode Capital Management LLC increased its holdings in shares of Weyerhaeuser by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock worth $246,032,000 after purchasing an additional 711,947 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Weyerhaeuser by 2.9% in the first quarter. Principal Financial Group Inc. now owns 4,323,154 shares of the real estate investment trust’s stock worth $113,872,000 after purchasing an additional 120,290 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Weyerhaeuser by 26.5% in the first quarter. Pictet Asset Management Ltd. now owns 4,037,112 shares of the real estate investment trust’s stock worth $106,338,000 after purchasing an additional 845,398 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.

In other news, insider Devin W. Stockfish purchased 5,195 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of $23.03 per share, with a total value of $119,640.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.



Shares of Weyerhaeuser stock traded up $0.24 during trading on Friday, hitting $25.02. The stock had a trading volume of 19,445 shares, compared to its average volume of 3,660,923. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 8.17 and a beta of 1.71. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $35.79. The business’s 50-day moving average is $25.58 and its 200 day moving average is $25.52. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts expect that Weyerhaeuser Co will post 0.61 EPS for the current year.

Weyerhaeuser 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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