Weyerhaeuser Co (WY) : Stelac Advisory Services reduced its stake in Weyerhaeuser Co by 12.23% during the most recent quarter end. The investment management company now holds a total of 29,077 shares of Weyerhaeuser Co which is valued at $941,222 after selling 4,051 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Weyerhaeuser Co makes up approximately 0.28% of Stelac Advisory Services’s portfolio.
Other Hedge Funds, Including , United Asset Strategies boosted its stake in WY in the latest quarter, The investment management firm added 881 additional shares and now holds a total of 39,886 shares of Weyerhaeuser Co which is valued at $1,291,110. Weyerhaeuser Co makes up approx 0.47% of United Asset Strategies’s portfolio.Gemmer Asset Management reduced its stake in WY by selling 176 shares or 9.3% in the most recent quarter. The Hedge Fund company now holds 1,716 shares of WY which is valued at $55,650. Weyerhaeuser Co makes up approx 0.03% of Gemmer Asset Management’s portfolio.Miller Howard Investments Inc Ny reduced its stake in WY by selling 199,479 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 4,278,937 shares of WY which is valued at $138,765,927. Weyerhaeuser Co makes up approx 2.42% of Miller Howard Investments Inc Ny’s portfolio.Huntington Steele reduced its stake in WY by selling 90 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 546,830 shares of WY which is valued at $17,482,155. Weyerhaeuser Co makes up approx 6.37% of Huntington Steele’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.
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.