Weyerhaeuser Company (NYSE:WY).
Baird Financial Group, Inc. bought 24,164 shares in the previous quarter increasing its holdings in Weyerhaeuser Company by 1.9%. Its position was valued at $43,453,000 an increase of 3.5% as of quarter end.
Here are a few institutional investors who have updated their positions. Tredje Ap-fonden expanded its investment by buying 4,990 shares an increase of 7.5% from 06/30/2017 to 09/30/2017. Tredje Ap-fonden now holds 71,639 shares with a value of $2,438,000. The value of the position overall is up by 9.2%. As of quarter end Beacon Investment Advisory Services, Inc. had bought 99,426 shares growing its position 1,147.4%. The value of the total investment in Weyerhaeuser Company increased from $290,000 to $3,678,000 increasing 1,168.3% since the last quarter.
Lasalle Investment Management Securities LLC divested its stake by shedding 797,055 shares a decrease of 81.1%. Lasalle Investment Management Securities LLC currently owns 185,948 shares valued at $6,328,000. The total value of its holdings decreased 80.8%.
Argus raised the price target of the stock on November 2 changing the forecast from $37.00 to $39.00 with a “Buy” recommendation. On October 24, 2017 Stephens released research on WY with a rating of “Equal Weight”.
On September 4 Royal Bank Of Canada made no change to the company rating of “Buy” with a current price target of $40.00.
The company is trading up by 0.66% since yesterday’s close of 36.21. The P/E ratio is currently 73.81 and market cap is 27.51B. In the latest earnings report the EPS was $0.49 with 754.83M shares presently outstanding.
Short traders are feeling a little more bearish on shares of Weyerhaeuser Company as shown by the uptick in short interest. The company recorded a rise in short interest of 9.44% between September 29, 2017 and October 13, 2017. Short interest increased 1,103,028 over that period. The days to cover increased to 8.0 and the short interest percentage is 0.02% as of October 13.