Uniplan Investment Counsel buys $57,792,989 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Uniplan Investment Counsel scooped up 254,856 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,813,967 shares of Weyerhaeuser Co which is valued at $57,792,989.Weyerhaeuser Co makes up approximately 2.57% of Uniplan Investment Counsel’s portfolio.

Other Hedge Funds, Including , Scotia Capital reduced its stake in WY by selling 1,200 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 10,124 shares of WY which is valued at $322,551. Weyerhaeuser Co makes up approx 0.01% of Scotia Capital’s portfolio.Sheaff Brock Investment Advisors boosted its stake in WY in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 7,583 shares of Weyerhaeuser Co which is valued at $249,329. Weyerhaeuser Co makes up approx 0.03% of Sheaff Brock Investment Advisors’s portfolio.Cadence Capital Management reduced its stake in WY by selling 23,884 shares or 34.12% in the most recent quarter. The Hedge Fund company now holds 46,123 shares of WY which is valued at $1,493,002. Weyerhaeuser Co makes up approx 0.11% of Cadence Capital Management’s portfolio.Argyle Capital Management reduced its stake in WY by selling 5,730 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 117,385 shares of WY which is valued at $3,824,403. Weyerhaeuser Co makes up approx 1.58% of Argyle Capital Management’s portfolio.

Weyerhaeuser Co opened for trading at $31.48 and hit $31.78 on the upside on Tuesday, eventually ending the session at $31.54, with a gain of 1.02% or 0.32 points. The heightened volatility saw the trading volume jump to 29,75,322 shares. Company has a market cap of $23,615 M.

On the company’s financial health, Weyerhaeuser Co reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.22. The company had revenue of $1655.00 million for the quarter, compared to analysts expectations of $1926.61 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Weyerhaeuser Co was Downgraded by Dundee to ” Neutral” on Aug 12, 2016. DA Davidson Downgraded Weyerhaeuser Co on Aug 8, 2016 to ” Neutral”, Price Target of the shares are set at $33.Weyerhaeuser Co was Upgraded by DA Davidson to ” Buy” on Jun 29, 2016.

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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