Cohen Capital Management Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Cohen Capital Management reduced its stake in Weyerhaeuser Co by 37.5% during the most recent quarter end. The investment management company now holds a total of 46,150 shares of Weyerhaeuser Co which is valued at $1,488,799 after selling 27,690 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Weyerhaeuser Co makes up approximately 0.46% of Cohen Capital Management’s portfolio.

Weyerhaeuser Co opened for trading at $31.92 and hit $32.36 on the upside on Friday, eventually ending the session at $32.26, with a gain of 1.35% or 0.43 points. The heightened volatility saw the trading volume jump to 29,88,366 shares. Company has a market cap of $16,469 M.

Other Hedge Funds, Including , Cornerstone Advisors boosted its stake in WY in the latest quarter, The investment management firm added 143 additional shares and now holds a total of 259 shares of Weyerhaeuser Co which is valued at $8,355. Weyerhaeuser Co makes up approx 0.01% of Cornerstone Advisors’s portfolio.Mitchell Sinkler Starrpa reduced its stake in WY by selling 695 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 42,633 shares of WY which is valued at $1,352,745. Weyerhaeuser Co makes up approx 1.84% of Mitchell Sinkler Starrpa’s portfolio. Integrated Investment Consultants added WY to its portfolio by purchasing 3,200 company shares during the most recent quarter which is valued at $101,536. Weyerhaeuser Co makes up approx 0.06% of Integrated Investment Consultants’s portfolio.Marshwinds Advisory Co reduced its stake in WY by selling 1,699 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 42,960 shares of WY which is valued at $1,345,078. Weyerhaeuser Co makes up approx 0.69% of Marshwinds Advisory Co’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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