Weyerhaeuser Co (WY) : Patten Patten Inctn scooped up 8,923 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 560,576 shares of Weyerhaeuser Co which is valued at $17,787,076.Weyerhaeuser Co makes up approximately 2.52% of Patten Patten Inctn’s portfolio.
Weyerhaeuser Co closed down -0.09 points or -0.28% at $31.83 with 50,55,026 shares getting traded on Wednesday. Post opening the session at $31.89, the shares hit an intraday low of $31.75 and an intraday high of $32.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Trust Co Of Toledo Na Oh reduced its stake in WY by selling 315 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 62,194 shares of WY which is valued at $1,973,416. Weyerhaeuser Co makes up approx 0.59% of Trust Co Of Toledo Na Oh’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.Endurance Wealth Management boosted its stake in WY in the latest quarter, The investment management firm added 8,750 additional shares and now holds a total of 148,635 shares of Weyerhaeuser Co which is valued at $4,716,189. Weyerhaeuser Co makes up approx 0.91% of Endurance Wealth Management’s portfolio.Rowland Co Investment Counseladv boosted its stake in WY in the latest quarter, The investment management firm added 1,551 additional shares and now holds a total of 93,841 shares of Weyerhaeuser Co which is valued at $2,977,575. Weyerhaeuser Co makes up approx 1.40% of Rowland Co Investment Counseladv’s portfolio.Partnerre Asset Management Corp reduced its stake in WY by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 5,319 shares of WY which is valued at $166,538. Weyerhaeuser Co makes up approx 0.09% of Partnerre Asset Management Corp’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.