Huntington Steele buys $17,567,070 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Huntington Steele scooped up 207,178 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 546,920 shares of Weyerhaeuser Co which is valued at $17,567,070.Weyerhaeuser Co makes up approximately 6.95% of Huntington Steele’s portfolio.

Weyerhaeuser Co opened for trading at $32.26 and hit $32.44 on the upside on Monday, eventually ending the session at $32.28, with a gain of 0.50% or 0.16 points. The heightened volatility saw the trading volume jump to 43,80,771 shares. Company has a market cap of $16,479 M.

Other Hedge Funds, Including , Sawtooth Asset Management sold out all of its stake in WY during the most recent quarter. The investment firm sold 7,496 shares of WY which is valued $240,772.Metlife Securities Inc reduced its stake in WY by selling 725 shares or 4.46% in the most recent quarter. The Hedge Fund company now holds 15,545 shares of WY which is valued at $501,482. Weyerhaeuser Co makes up approx 0.02% of Metlife Securities Inc’s portfolio.Fisher Asset Management reduced its stake in WY by selling 7,538 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 416,364 shares of WY which is valued at $13,431,903. Weyerhaeuser Co makes up approx 0.03% of Fisher Asset Management’s portfolio.Oakbrook Investments boosted its stake in WY in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 43,570 shares of Weyerhaeuser Co which is valued at $1,382,476. Weyerhaeuser Co makes up approx 0.09% of Oakbrook Investments’s portfolio.Benjamin F. Edwards Company boosted its stake in WY in the latest quarter, The investment management firm added 31,672 additional shares and now holds a total of 32,167 shares of Weyerhaeuser Co which is valued at $1,020,659. Weyerhaeuser Co makes up approx 0.21% of Benjamin F. Edwards Company’s portfolio.

On the company’s financial health, Weyerhaeuser Co reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $0.24. The company had revenue of $1820.00 million for the quarter, compared to analysts expectations of $1733.47 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Shares were Reiterated by Argus on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $43 .

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber as well as manufacturing distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands primarily in the United States and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products such as diapers.

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