Weyerhaeuser Co (WY) : First Eagle Investment Management scooped up 1,046,922 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 37,142,044 shares of Weyerhaeuser Co which is valued at $1,206,002,169.Weyerhaeuser Co makes up approximately 2.91% of First Eagle Investment Management’s portfolio.
Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in WY during the most recent quarter. The investment firm sold 280 shares of WY which is valued $9,064.Cadinha Co reduced its stake in WY by selling 800 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 31,900 shares of WY which is valued at $1,035,793. Weyerhaeuser Co makes up approx 0.21% of Cadinha Co’s portfolio.State Treasurer State Of Michigan reduced its stake in WY by selling 12,300 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 259,529 shares of WY which is valued at $8,400,954. Weyerhaeuser Co makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in WY by selling 180 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 23,244 shares of WY which is valued at $743,111. Weyerhaeuser Co makes up approx 0.02% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio. Quotient Investors sold out all of its stake in WY during the most recent quarter. The investment firm sold 9,325 shares of WY which is valued $298,120.
Weyerhaeuser Co opened for trading at $31.54 and hit $31.71 on the upside on Wednesday, eventually ending the session at $31.68, with a gain of 0.57% or 0.18 points. The heightened volatility saw the trading volume jump to 31,01,978 shares. Company has a market cap of $23,720 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.