CAPROCK Group Inc. lowered its stake in Weyerhaeuser Co (NYSE:WY) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,340 shares of the real estate investment trust’s stock after selling 8,093 shares during the quarter. CAPROCK Group Inc.’s holdings in Weyerhaeuser were worth $858,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in Weyerhaeuser by 60.5% in the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,453 shares during the period. Boston Private Wealth LLC acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $206,000. Sky Investment Group LLC acquired a new stake in Weyerhaeuser in the 4th quarter valued at about $207,000. NBT Bank N A NY acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $208,000. Finally, OLD National Bancorp IN acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $209,000. 74.76% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser Co (NYSE:WY) traded down $0.50 during midday trading on Wednesday, reaching $34.76. The company’s stock had a trading volume of 3,876,900 shares, compared to its average volume of 3,170,450. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The firm has a market cap of $26,580.00, a P/E ratio of 70.94, a PEG ratio of 5.26 and a beta of 1.45. Weyerhaeuser Co has a 12-month low of $29.88 and a 12-month high of $36.92.
WY has been the subject of a number of research analyst reports. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Stephens initiated coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a report on Saturday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.44.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the business’s stock in a transaction dated 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 owns 98,973 shares in the company, valued at approximately $3,574,904.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Rhonda D. Hunter sold 45,939 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was 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. 1.20% of the stock is currently owned by insiders.
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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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