Weyerhaeuser Co (WY) : Community Financial Services Group reduced its stake in Weyerhaeuser Co by 1.73% during the most recent quarter end. The investment management company now holds a total of 169,872 shares of Weyerhaeuser Co which is valued at $5,498,757 after selling 2,995 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Weyerhaeuser Co makes up approximately 2.62% of Community Financial Services Group’s portfolio.
Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in WY by selling 16,128 shares or 5.77% in the most recent quarter. The Hedge Fund company now holds 263,258 shares of WY which is valued at $8,521,661. Weyerhaeuser Co makes up approx 0.14% of Royal London Asset Management Ltd’s portfolio.Boston Private Wealth reduced its stake in WY by selling 1,265 shares or 9.2% in the most recent quarter. The Hedge Fund company now holds 12,492 shares of WY which is valued at $404,366. Weyerhaeuser Co makes up approx 0.02% of Boston Private Wealth’s portfolio.Huntington National Bank reduced its stake in WY by selling 280 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 32,119 shares of WY which is valued at $1,046,437. Weyerhaeuser Co makes up approx 0.03% of Huntington National Bank’s portfolio.Ibm Retirement Fund reduced its stake in WY by selling 6,175 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 97,788 shares of WY which is valued at $3,171,265. Weyerhaeuser Co makes up approx 0.11% of Ibm Retirement Fund’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.