Gratus Capital adds Weyerhaeuser Co (WY) to its portfolio

Weyerhaeuser Co (WY) : Gratus Capital added new position in Weyerhaeuser Co during the most recent quarter end. The investment management firm now holds 167,723 shares of Weyerhaeuser Co which is valued at $5,429,194 , the company said in a statement filed on Aug 3, 2016 with the SEC.Weyerhaeuser Co makes up approximately 0.79% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors boosted its stake in WY in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 623 shares of Weyerhaeuser Co which is valued at $20,167. Weyerhaeuser Co makes up approx 0.01% of Plante Moran Financial Advisors’s portfolio.Wedbush Securities Inc boosted its stake in WY in the latest quarter, The investment management firm added 651 additional shares and now holds a total of 106,620 shares of Weyerhaeuser Co which is valued at $3,451,289. Weyerhaeuser Co makes up approx 0.56% of Wedbush Securities Inc’s portfolio.Eastern Bank reduced its stake in WY by selling 3,578 shares or 20.98% in the most recent quarter. The Hedge Fund company now holds 13,476 shares of WY which is valued at $434,466. Weyerhaeuser Co makes up approx 0.03% of Eastern Bank’s portfolio.Marathon Asset Management Llp boosted its stake in WY in the latest quarter, The investment management firm added 16,155 additional shares and now holds a total of 600,970 shares of Weyerhaeuser Co which is valued at $19,375,273. Weyerhaeuser Co makes up approx 0.40% of Marathon Asset Management Llp’s portfolio. Mutual Of Omaha Bank Wealth Management sold out all of its stake in WY during the most recent quarter. The investment firm sold 27,662 shares of WY which is valued $884,354.

Weyerhaeuser Co closed down -0.51 points or -1.55% at $32.37 with 32,72,528 shares getting traded on Monday. Post opening the session at $32.74, the shares hit an intraday low of $32.36 and an intraday high of $33.005 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Weyerhaeuser Co reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.22. The company had revenue of $1655.00 million for the quarter, compared to analysts expectations of $1926.61 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Weyerhaeuser Co. DA Davidson Downgraded Weyerhaeuser Co on Aug 8, 2016 to ” Neutral”, Price Target of the shares are set at $33.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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