Weyerhaeuser (NYSE:WY) Stock Holdings Trimmed by Spire Wealth Management

Spire Wealth Management reduced its position in Weyerhaeuser (NYSE:WY) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,658 shares of the real estate investment trust’s stock after selling 2,032 shares during the quarter. Spire Wealth Management’s holdings in Weyerhaeuser were worth $131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser during the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 719 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the third quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

WY opened at $30.04 on Friday. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 54.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The business has a 50 day moving average price of $29.58 and a two-hundred day moving average price of $30.92.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Research analysts predict that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.