Third Avenue Management Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Third Avenue Management reduced its stake in Weyerhaeuser Co by 10.03% during the most recent quarter end. The investment management company now holds a total of 6,610,196 shares of Weyerhaeuser Co which is valued at $210,600,845 after selling 736,936 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Weyerhaeuser Co makes up approximately 8.89% of Third Avenue Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in WY in the latest quarter, The investment management firm added 74,304 additional shares and now holds a total of 1,504,862 shares of Weyerhaeuser Co which is valued at $47,944,903. Weyerhaeuser Co makes up approx 0.15% of Raymond James Associates’s portfolio.Stephens Inc Ar boosted its stake in WY in the latest quarter, The investment management firm added 7,336 additional shares and now holds a total of 256,970 shares of Weyerhaeuser Co which is valued at $8,449,174. Weyerhaeuser Co makes up approx 0.36% of Stephens Inc Ar’s portfolio.Gsa Capital Partners Llp boosted its stake in WY in the latest quarter, The investment management firm added 43,061 additional shares and now holds a total of 82,639 shares of Weyerhaeuser Co which is valued at $2,717,170. Weyerhaeuser Co makes up approx 0.14% of Gsa Capital Partners Llp’s portfolio.Meyer Handelman Co boosted its stake in WY in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 334,538 shares of Weyerhaeuser Co which is valued at $10,849,067. Weyerhaeuser Co makes up approx 0.47% of Meyer Handelman Co’s portfolio. Cwm added WY to its portfolio by purchasing 17 company shares during the most recent quarter which is valued at $551.

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.

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