Weyerhaeuser Co (WY) : Equitec Specialists added new position in Weyerhaeuser Co during the most recent quarter end. The investment management firm now holds 1,794,025 shares of Weyerhaeuser Co which is valued at $58,180,231 , the company said in a statement filed on Jul 21, 2016 with the SEC.Weyerhaeuser Co makes up approximately 14.20% of Equitec Specialists’s portfolio.
Other Hedge Funds, Including , Eagle Ridge Investment Management boosted its stake in WY in the latest quarter, The investment management firm added 2,374 additional shares and now holds a total of 152,842 shares of Weyerhaeuser Co which is valued at $4,956,666. Weyerhaeuser Co makes up approx 1.10% of Eagle Ridge Investment Management’s portfolio.Perkins Coie Trust Co boosted its stake in WY in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 3,781 shares of Weyerhaeuser Co which is valued at $115,963. Weyerhaeuser Co makes up approx 0.08% of Perkins Coie Trust Co’s portfolio.Dnb Asset Management As boosted its stake in WY in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 61,399 shares of Weyerhaeuser Co which is valued at $1,883,107. Weyerhaeuser Co makes up approx 0.04% of Dnb Asset Management As’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WY in the latest quarter, The investment management firm added 1,182 additional shares and now holds a total of 193,380 shares of Weyerhaeuser Co which is valued at $5,930,965. Weyerhaeuser Co makes up approx 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.
Weyerhaeuser Co closed down -0.21 points or -0.64% at $32.37 with 52,53,337 shares getting traded on Thursday. Post opening the session at $32.45, the shares hit an intraday low of $32.12 and an intraday high of $32.59 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Weyerhaeuser Co was Upgraded by DA Davidson to ” Buy” on Jun 29, 2016. 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 .
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.