Weyerhaeuser Co (WY) : Mosaic Financial Partners reduced its stake in Weyerhaeuser Co by 8.53% during the most recent quarter end. The investment management company now holds a total of 367,704 shares of Weyerhaeuser Co which is valued at $11,347,345 after selling 34,286 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on May 9, 2016.Weyerhaeuser Co makes up approximately 7.13% of Mosaic Financial Partners’s portfolio.
Other Hedge Funds, Including , Allegis Investment Advisors sold out all of its stake in WY during the most recent quarter. The investment firm sold 515 shares of WY which is valued $15,893.Schwab Charles Investment Management Inc reduced its stake in WY by selling 225,066 shares or 9.11% in the most recent quarter. The Hedge Fund company now holds 2,245,904 shares of WY which is valued at $70,993,025. Weyerhaeuser Co makes up approx 0.09% of Schwab Charles Investment Management Inc’s portfolio.Stephens Inc Ar reduced its stake in WY by selling 13,966 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 249,634 shares of WY which is valued at $7,890,931. Weyerhaeuser Co makes up approx 0.38% of Stephens Inc Ar’s portfolio.Armbruster Capital Management boosted its stake in WY in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,041 shares of Weyerhaeuser Co which is valued at $64,516. Weyerhaeuser Co makes up approx 0.04% of Armbruster Capital Management’s portfolio. Moody Aldrich Partners sold out all of its stake in WY during the most recent quarter. The investment firm sold 435,909 shares of WY which is valued $14,001,397.
Weyerhaeuser Co closed down -0.37 points or -1.18% at $30.86 with 43,32,548 shares getting traded on Friday. Post opening the session at $31.14, the shares hit an intraday low of $30.81 and an intraday high of $31.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.