Weyerhaeuser Co (WY) : Woodmont Investment Counsel reduced its stake in Weyerhaeuser Co by 3.66% during the most recent quarter end. The investment management company now holds a total of 313,237 shares of Weyerhaeuser Co which is valued at $9,979,731 after selling 11,910 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Weyerhaeuser Co makes up approximately 2.89% of Woodmont Investment Counsel’s portfolio.
Other Hedge Funds, Including , Ancora Advisors boosted its stake in WY in the latest quarter, The investment management firm added 9,933 additional shares and now holds a total of 76,027 shares of Weyerhaeuser Co which is valued at $2,422,220. Weyerhaeuser Co makes up approx 0.27% of Ancora Advisors’s portfolio.Wesbanco Bank Inc reduced its stake in WY by selling 1,457 shares or 7.22% in the most recent quarter. The Hedge Fund company now holds 18,713 shares of WY which is valued at $607,611. Weyerhaeuser Co makes up approx 0.04% of Wesbanco Bank Inc’s portfolio.P.a.w. Capital Corp reduced its stake in WY by selling 4,000 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of WY which is valued at $657,600. Weyerhaeuser Co makes up approx 0.73% of P.a.w. Capital Corp’s portfolio.Whittier Trust Co reduced its stake in WY by selling 2,981 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 102,261 shares of WY which is valued at $3,345,980. Weyerhaeuser Co makes up approx 0.14% of Whittier Trust Co’s portfolio.Shinko Asset Management Ltd. boosted its stake in WY in the latest quarter, The investment management firm added 357,703 additional shares and now holds a total of 19,390,963 shares of Weyerhaeuser Co which is valued at $628,848,930. Weyerhaeuser Co makes up approx 4.26% of Shinko Asset Management Ltd.’s portfolio.
Weyerhaeuser Co opened for trading at $31.48 and hit $31.78 on the upside on Tuesday, eventually ending the session at $31.54, with a gain of 1.02% or 0.32 points. The heightened volatility saw the trading volume jump to 29,75,322 shares. Company has a market cap of $23,615 M.
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. Weyerhaeuser Co was Downgraded by Dundee to ” Neutral” on Aug 12, 2016. 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.
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.