Liberty Mutual Group Asset Management Inc. Lowers Stake in Weyerhaeuser Company (WY)

Liberty Mutual Group Asset Management Inc. lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 24.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,600 shares of the real estate investment trust’s stock after selling 13,209 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Weyerhaeuser were worth $1,414,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Weyerhaeuser by 10.1% in the first quarter. Geode Capital Management LLC now owns 8,624,902 shares of the real estate investment trust’s stock worth $292,718,000 after buying an additional 793,892 shares during the last quarter. Azimuth Capital Management LLC increased its position in Weyerhaeuser by 1.1% in the first quarter. Azimuth Capital Management LLC now owns 213,496 shares of the real estate investment trust’s stock worth $7,255,000 after buying an additional 2,229 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Weyerhaeuser by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,214 shares of the real estate investment trust’s stock worth $2,726,000 after buying an additional 5,349 shares during the period. Vanguard Group Inc. increased its position in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after buying an additional 1,553,556 shares during the period. Finally, New England Private Wealth Advisors LLC increased its position in Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares during the period. 76.58% of the stock is owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 33.92 on Thursday. The company has a 50-day moving average of $33.39 and a 200 day moving average of $33.19. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The company has a market capitalization of $25.51 billion, a P/E ratio of 23.25 and a beta of 1.41.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser had a net margin of 16.58% and a return on equity of 6.22%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts forecast that Weyerhaeuser Company will post $1.02 EPS for the current year.

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WY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Finally, Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $36.56.

In other news, Director Rick R. Holley sold 33,416 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $35.21, for a total value of $1,176,577.36. Following the sale, the director now owns 571,036 shares in the company, valued at approximately $20,106,177.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

About Weyerhaeuser

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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