Curbstone Financial Management Corp Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Curbstone Financial Management Corp reduced its stake in Weyerhaeuser Co by 1.27% during the most recent quarter end. The investment management company now holds a total of 117,060 shares of Weyerhaeuser Co which is valued at $3,586,718 after selling 1,500 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Weyerhaeuser Co makes up approximately 1.16% of Curbstone Financial Management Corp’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in WY by selling 7,418 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 637,551 shares of WY which is valued at $19,534,563. Weyerhaeuser Co makes up approx 0.11% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management boosted its stake in WY in the latest quarter, The investment management firm added 2,421 additional shares and now holds a total of 9,917 shares of Weyerhaeuser Co which is valued at $303,857. Weyerhaeuser Co makes up approx 0.02% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in WY in the latest quarter, The investment management firm added 2,092 additional shares and now holds a total of 13,098 shares of Weyerhaeuser Co which is valued at $401,323. Weyerhaeuser Co makes up approx 0.10% of Washington Trust Bank’s portfolio.Lvm Capital Management Ltdmi reduced its stake in WY by selling 4,089 shares or 15.29% in the most recent quarter. The Hedge Fund company now holds 22,650 shares of WY which is valued at $693,996. Weyerhaeuser Co makes up approx 0.22% of Lvm Capital Management Ltdmi’s portfolio.

Weyerhaeuser Co closed down -0.77 points or -2.42% at $31.03 with 36,04,038 shares getting traded on Tuesday. Post opening the session at $31.78, the shares hit an intraday low of $30.87 and an intraday high of $31.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Goldman Initiated Weyerhaeuser Co on Sep 22, 2016 to “Buy”, Price Target of the shares are set at $37.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 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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