Weyerhaeuser Co (WY) : Klingenstein Fields Co scooped up 488,075 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 801,498 shares of Weyerhaeuser Co which is valued at $25,944,490.Weyerhaeuser Co makes up approximately 1.19% of Klingenstein Fields Co’s portfolio.
Other Hedge Funds, Including , True Private Wealth Advisors boosted its stake in WY in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 8,335 shares of Weyerhaeuser Co which is valued at $269,804. Weyerhaeuser Co makes up approx 0.09% of True Private Wealth Advisors’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in WY by selling 224,221 shares or 79.4% in the most recent quarter. The Hedge Fund company now holds 58,169 shares of WY which is valued at $1,895,146. Weyerhaeuser Co makes up approx 0.05% of Candriam Luxembourg S.c.a.’s portfolio.Retirement Systems Of Alabama reduced its stake in WY by selling 16,375 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 380,865 shares of WY which is valued at $12,408,582. Weyerhaeuser Co makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio. Cwm added WY to its portfolio by purchasing 17 company shares during the most recent quarter which is valued at $551.Telemus Capital boosted its stake in WY in the latest quarter, The investment management firm added 6,575 additional shares and now holds a total of 114,446 shares of Weyerhaeuser Co which is valued at $3,696,606. Weyerhaeuser Co makes up approx 0.43% of Telemus Capital’s portfolio.
Weyerhaeuser Co opened for trading at $32.33 and hit $32.73 on the upside on Thursday, eventually ending the session at $32.65, with a gain of 0.87% or 0.28 points. The heightened volatility saw the trading volume jump to 32,88,339 shares. Company has a market cap of $24,392 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.