Weyerhaeuser Co (WY) : Murphy Pohlad Asset Management scooped up 2,335 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 100,480 shares of Weyerhaeuser Co which is valued at $3,212,346.Weyerhaeuser Co makes up approximately 2.33% of Murphy Pohlad Asset Management’s portfolio.
Other Hedge Funds, Including , Neville Rodie Shaw Inc boosted its stake in WY in the latest quarter, The investment management firm added 56,260 additional shares and now holds a total of 138,198 shares of Weyerhaeuser Co which is valued at $4,418,190. Weyerhaeuser Co makes up approx 0.51% of Neville Rodie Shaw Inc’s portfolio. Svenska Handelsbanken Ab (publ) sold out all of its stake in WY during the most recent quarter. The investment firm sold 244,710 shares of WY which is valued $7,823,379.Beacon Capital Management reduced its stake in WY by selling 80 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 240 shares of WY which is valued at $7,361.Curbstone Financial Management Corp reduced its stake in WY by selling 1,520 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 118,560 shares of WY which is valued at $3,636,235. Weyerhaeuser Co makes up approx 1.21% of Curbstone Financial Management Corp’s portfolio.Curian Capital reduced its stake in WY by selling 97,055 shares or 67.31% in the most recent quarter. The Hedge Fund company now holds 47,126 shares of WY which is valued at $1,445,354. Weyerhaeuser Co makes up approx 0.10% of Curian Capital’s portfolio.
Weyerhaeuser Co opened for trading at $31.98 and hit $32.3 on the upside on Monday, eventually ending the session at $32.24, with a gain of 0.66% or 0.21 points. The heightened volatility saw the trading volume jump to 29,10,251 shares. Company has a market cap of $24,086 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. 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.