Salem Capital Management Inc buys $8,175,774 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Salem Capital Management Inc scooped up 1,640 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 257,667 shares of Weyerhaeuser Co which is valued at $8,175,774.Weyerhaeuser Co makes up approximately 4.51% of Salem Capital Management Inc’s portfolio.

Weyerhaeuser Co opened for trading at $31.66 and hit $31.81 on the upside on Friday, eventually ending the session at $31.73, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 38,45,275 shares. Company has a market cap of $16,198 M.

Other Hedge Funds, Including , 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.Rathbone Brothers Plc boosted its stake in WY in the latest quarter, The investment management firm added 4,370 additional shares and now holds a total of 22,770 shares of Weyerhaeuser Co which is valued at $712,929. Weyerhaeuser Co makes up approx 0.04% of Rathbone Brothers Plc’s portfolio. Filament added WY to its portfolio by purchasing 47,809 company shares during the most recent quarter which is valued at $1,496,900. Weyerhaeuser Co makes up approx 0.72% of Filament’s portfolio.Curbstone Financial Management Corp reduced its stake in WY by selling 2,000 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 120,080 shares of WY which is valued at $3,759,705. Weyerhaeuser Co makes up approx 1.27% of Curbstone Financial 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.

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