Trust Department Mb Financial Bank N A Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Trust Department Mb Financial Bank N A reduced its stake in Weyerhaeuser Co by 37.5% during the most recent quarter end. The investment management company now holds a total of 200 shares of Weyerhaeuser Co which is valued at $6,346 after selling 120 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.

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 , Patten Patten Inctn boosted its stake in WY in the latest quarter, The investment management firm added 8,923 additional shares and now holds a total of 560,576 shares of Weyerhaeuser Co which is valued at $17,787,076. Weyerhaeuser Co makes up approx 2.52% of Patten Patten Inctn’s portfolio.Eastern Bank reduced its stake in WY by selling 300,189 shares or 94.62% in the most recent quarter. The Hedge Fund company now holds 17,054 shares of WY which is valued at $541,123. Weyerhaeuser Co makes up approx 0.04% of Eastern Bank’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.Catawba Capital Management Va boosted its stake in WY in the latest quarter, The investment management firm added 2,060 additional shares and now holds a total of 45,561 shares of Weyerhaeuser Co which is valued at $1,426,515. Weyerhaeuser Co makes up approx 0.37% of Catawba Capital Management Va’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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