Meridian Investment Counsel buys $2.5 Million stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Meridian Investment Counsel scooped up 1,196 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 81,632 shares of Weyerhaeuser Co which is valued at $2.5 Million.Weyerhaeuser Co makes up approximately 1.77% of Meridian Investment Counsel’s portfolio.

Other Hedge Funds, Including , Bluestein R H Co boosted its stake in WY in the latest quarter, The investment management firm added 627,044 additional shares and now holds a total of 653,059 shares of Weyerhaeuser Co which is valued at $20.2 Million. Weyerhaeuser Co makes up approx 1.45% of Bluestein R H Co’s portfolio.Fernwood Investment Management reduced its stake in WY by selling 1,560 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 58,632 shares of WY which is valued at $1.8 Million. Weyerhaeuser Co makes up approx 1.83% of Fernwood Investment Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in WY in the latest quarter, The investment management firm added 829 additional shares and now holds a total of 6,366 shares of Weyerhaeuser Co which is valued at $201,229. Weyerhaeuser Co makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio.Lakeview Capital Partners boosted its stake in WY in the latest quarter, The investment management firm added 1,104 additional shares and now holds a total of 8,469 shares of Weyerhaeuser Co which is valued at $267,705. Weyerhaeuser Co makes up approx 0.17% of Lakeview Capital Partners’s portfolio.Quantbot Technologies Lp boosted its stake in WY in the latest quarter, The investment management firm added 60,721 additional shares and now holds a total of 77,368 shares of Weyerhaeuser Co which is valued at $2.5 Million. Weyerhaeuser Co makes up approx 0.39% of Quantbot Technologies Lp’s portfolio.

Weyerhaeuser Co opened for trading at $30.35 and hit $30.63 on the upside on Friday, eventually ending the session at $30.42, with a gain of 0.36% or 0.11 points. The heightened volatility saw the trading volume jump to 92,57,084 shares. Company has a market cap of $22,726 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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