Capital Innovations Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Capital Innovations reduced its stake in Weyerhaeuser Co by 48.01% during the most recent quarter end. The investment management company now holds a total of 148,018 shares of Weyerhaeuser Co which is valued at $4.6 Million after selling 136,682 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Weyerhaeuser Co makes up approximately 7.88% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in WY by selling 17,230 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 355,352 shares of WY which is valued at $11 Million. Weyerhaeuser Co makes up approx 0.08% of Atlantic Trust Group’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in WY by selling 73,055 shares or 6.55% in the most recent quarter. The Hedge Fund company now holds 1,042,850 shares of WY which is valued at $33 Million. Weyerhaeuser Co makes up approx 0.13% of State Board Of Administration Of Florida Retirement System’s portfolio. Ironsides Asset Advisors added WY to its portfolio by purchasing 7,943 company shares during the most recent quarter which is valued at $251,078. Weyerhaeuser Co makes up approx 0.02% of Ironsides Asset Advisors’s portfolio.Ifp Advisors Inc boosted its stake in WY in the latest quarter, The investment management firm added 2,007 additional shares and now holds a total of 16,446 shares of Weyerhaeuser Co which is valued at $519,858. Weyerhaeuser Co makes up approx 0.03% of Ifp Advisors Inc’s portfolio.Texas Permanent School Fund reduced its stake in WY by selling 6,340 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 272,199 shares of WY which is valued at $8.7 Million. Weyerhaeuser Co makes up approx 0.11% of Texas Permanent School Fund’s portfolio.

Weyerhaeuser Co opened for trading at $30.74 and hit $31.17 on the upside on Monday, eventually ending the session at $30.97, with a gain of 0.36% or 0.11 points. The heightened volatility saw the trading volume jump to 41,27,750 shares. Company has a market cap of $23,137 M.

On the company’s financial health, Weyerhaeuser Co reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.20. The company had revenue of $1741.00 million for the quarter, compared to analysts expectations of $1972.56 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. Shares were Downgraded by DA Davidson on May 9, 2016 to ” Neutral” and Lowered the Price Target to $ 33 from a previous price target of $34 .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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