Tortoise Investment Management Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Tortoise Investment Management reduced its stake in Weyerhaeuser Co by 17.21% during the most recent quarter end. The investment management company now holds a total of 15,389 shares of Weyerhaeuser Co which is valued at $498,142 after selling 3,200 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Weyerhaeuser Co makes up approximately 0.17% of Tortoise Investment Management’s portfolio.

Other Hedge Funds, Including , Wall Street Access Asset Management reduced its stake in WY by selling 2,530 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 92,880 shares of WY which is valued at $3,006,526. Weyerhaeuser Co makes up approx 1.76% of Wall Street Access Asset Management’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. British Airways Pensions Investment Management Ltd added WY to its portfolio by purchasing 512,080 company shares during the most recent quarter which is valued at $16,683,566. Weyerhaeuser Co makes up approx 0.49% of British Airways Pensions Investment Management Ltd’s portfolio. Bremer Trust National Association added WY to its portfolio by purchasing 7,883 company shares during the most recent quarter which is valued at $255,646. Weyerhaeuser Co makes up approx 0.07% of Bremer Trust National Association’s portfolio.Capital Analysts boosted its stake in WY in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 2,586 shares of Weyerhaeuser Co which is valued at $83,373. Weyerhaeuser Co makes up approx 0.02% of Capital Analysts’s portfolio.

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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