Weyerhaeuser Co (WY) : Curbstone Financial Management Corp reduced its stake in Weyerhaeuser Co by 1.64% during the most recent quarter end. The investment management company now holds a total of 120,080 shares of Weyerhaeuser Co which is valued at $3.8 Million after selling 2,000 shares in Weyerhaeuser Co according to a report filed by the company on Apr 5, 2016 with the SEC.Weyerhaeuser Co makes up approximately 1.27% of Curbstone Financial Management Corp’s portfolio.
Other Hedge Funds, Including , First National Bank Of Mount Dora Trust Investment Services boosted its stake in WY in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 7,085 shares of Weyerhaeuser Co which is valued at $221,831. Weyerhaeuser Co makes up approx 0.13% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Lvm Capital Management Ltdmi reduced its stake in WY by selling 8,541 shares or 24.21% in the most recent quarter. The Hedge Fund company now holds 26,739 shares of WY which is valued at $837,198. Weyerhaeuser Co makes up approx 0.27% of Lvm Capital Management Ltdmi’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 Co opened for trading at $31.3 and hit $31.7 on the upside on Monday, eventually ending the session at $31.31, with a gain of 0.22% or 0.07 points. The heightened volatility saw the trading volume jump to 52,26,404 shares. Company has a market cap of $15,984 M.
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.