Orca Investment Management Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Orca Investment Management reduced its stake in Weyerhaeuser Co by 4.78% during the most recent quarter end. The investment management company now holds a total of 83,887 shares of Weyerhaeuser Co which is valued at $2,733,038 after selling 4,208 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Weyerhaeuser Co makes up approximately 2.56% of Orca Investment Management’s portfolio.

Other Hedge Funds, Including , Baring Asset Management Ltd reduced its stake in WY by selling 2,709 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 81,226 shares of WY which is valued at $2,646,343. Weyerhaeuser Co makes up approx 0.21% of Baring Asset Management Ltd’s portfolio.Chesley Taft Associates boosted its stake in WY in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 159,408 shares of Weyerhaeuser Co which is valued at $5,169,601. Weyerhaeuser Co makes up approx 0.51% of Chesley Taft Associates’s portfolio.Capital One National Association reduced its stake in WY by selling 660 shares or 7.9% in the most recent quarter. The Hedge Fund company now holds 7,694 shares of WY which is valued at $248,516. Weyerhaeuser Co makes up approx 0.02% of Capital One National Association’s portfolio.

Weyerhaeuser Co opened for trading at $32.24 and hit $32.765 on the upside on Friday, eventually ending the session at $32.72, with a gain of 1.08% or 0.35 points. The heightened volatility saw the trading volume jump to 40,72,486 shares. Company has a market cap of $24,444 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.

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