Adams Asset Advisors Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Adams Asset Advisors reduced its stake in Weyerhaeuser Co by 1.38% during the most recent quarter end. The investment management company now holds a total of 284,105 shares of Weyerhaeuser Co which is valued at $9,014,652 after selling 3,975 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Weyerhaeuser Co makes up approximately 1.63% of Adams Asset Advisors’s portfolio.

Weyerhaeuser Co opened for trading at $31.55 and hit $32 on the upside on Monday, eventually ending the session at $31.99, with a gain of 0.82% or 0.26 points. The heightened volatility saw the trading volume jump to 33,73,737 shares. Company has a market cap of $16,331 M.

Other Hedge Funds, Including , Neville Rodie Shaw Inc boosted its stake in WY in the latest quarter, The investment management firm added 23,050 additional shares and now holds a total of 81,938 shares of Weyerhaeuser Co which is valued at $2,599,893. Weyerhaeuser Co makes up approx 0.31% of Neville Rodie Shaw Inc’s portfolio.Real Estate Management Services reduced its stake in WY by selling 525,640 shares or 92.2% in the most recent quarter. The Hedge Fund company now holds 44,440 shares of WY which is valued at $1,410,081. Weyerhaeuser Co makes up approx 0.22% of Real Estate Management Services’s portfolio. First Premier Bank sold out all of its stake in WY during the most recent quarter. The investment firm sold 14,648 shares of WY which is valued $458,629.Trust Co Of Virginia Va boosted its stake in WY in the latest quarter, The investment management firm added 5,864 additional shares and now holds a total of 24,882 shares of Weyerhaeuser Co which is valued at $779,055. Weyerhaeuser Co makes up approx 0.14% of Trust Co Of Virginia Va’s portfolio.Kistler-tiffany Companies reduced its stake in WY by selling 2 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 4,592 shares of WY which is valued at $143,776. Weyerhaeuser Co makes up approx 0.08% of Kistler-tiffany Companies’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 Co was Upgraded by Dundee to ” Buy” on Jan 19, 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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