Community Financial Services Group LLC Cuts Stake in Weyerhaeuser (NYSE:WY)

Community Financial Services Group LLC lessened its holdings in Weyerhaeuser (NYSE:WY) by 39.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,153 shares of the real estate investment trust’s stock after selling 11,245 shares during the quarter. Community Financial Services Group LLC’s holdings in Weyerhaeuser were worth $483,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Weyerhaeuser by 4,884.2% in the 3rd 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 in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $45,000. Finally, AdvisorNet Financial Inc grew its position 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 worth $47,000 after buying an additional 486 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.00 on Wednesday. The stock’s 50-day moving average is $29.50 and its two-hundred day moving average is $30.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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%. Analysts predict that Weyerhaeuser will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

About Weyerhaeuser

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.