Blume Capital Management Inc. Buys 33,356 Shares of Weyerhaeuser Co (NYSE:WY)

Blume Capital Management Inc. boosted its stake in shares of Weyerhaeuser Co (NYSE:WY) by 23.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,421 shares of the real estate investment trust’s stock after acquiring an additional 33,356 shares during the quarter. Weyerhaeuser comprises 2.4% of Blume Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Blume Capital Management Inc.’s holdings in Weyerhaeuser were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation N.A. acquired a new stake in shares of Weyerhaeuser during the first quarter worth $29,000. Penserra Capital Management LLC acquired a new position in Weyerhaeuser in the first quarter valued at $29,000. NuWave Investment Management LLC acquired a new position in Weyerhaeuser in the second quarter valued at $30,000. Investors Research Corp purchased a new stake in shares of Weyerhaeuser during the first quarter worth about $31,000. Finally, NEXT Financial Group Inc increased its position in shares of Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 789 shares during the last quarter. 76.50% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WY opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 8.17 and a beta of 1.71. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $35.79. The stock’s 50-day simple moving average is $25.58 and its 200-day simple moving average is $25.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. Weyerhaeuser’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, research analysts predict that Weyerhaeuser Co will post 0.61 EPS for the current year.

In other Weyerhaeuser news, insider Devin W. Stockfish acquired 5,195 shares of Weyerhaeuser stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $23.03 per share, for a total transaction of $119,640.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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