Murphy Pohlad Asset Management buys $3,230,916 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Murphy Pohlad Asset Management scooped up 3,075 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 103,555 shares of Weyerhaeuser Co which is valued at $3,230,916.Weyerhaeuser Co makes up approximately 2.45% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Torch Wealth Management reduced its stake in WY by selling 340 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 90,490 shares of WY which is valued at $2,823,288. Weyerhaeuser Co makes up approx 2.08% of Torch Wealth Management’s portfolio.North Star Investment Management Corp. reduced its stake in WY by selling 462 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 42,952 shares of WY which is valued at $1,321,204. Weyerhaeuser Co makes up approx 0.24% of North Star Investment Management Corp.’s portfolio.Interactive Financial Advisors reduced its stake in WY by selling 265 shares or 13.93% in the most recent quarter. The Hedge Fund company now holds 1,637 shares of WY which is valued at $50,354. Weyerhaeuser Co makes up approx 0.03% of Interactive Financial Advisors’s portfolio.Patten Patten Inctn boosted its stake in WY in the latest quarter, The investment management firm added 18,134 additional shares and now holds a total of 582,340 shares of Weyerhaeuser Co which is valued at $17,912,778. Weyerhaeuser Co makes up approx 2.34% of Patten Patten Inctn’s portfolio.Salem Capital Management Inc boosted its stake in WY in the latest quarter, The investment management firm added 2,650 additional shares and now holds a total of 257,632 shares of Weyerhaeuser Co which is valued at $8,002,050. Weyerhaeuser Co makes up approx 4.42% of Salem Capital Management Inc’s portfolio.

Weyerhaeuser Co closed down -0.3 points or -0.97% at $30.76 with 25,49,301 shares getting traded on Tuesday. Post opening the session at $30.96, the shares hit an intraday low of $30.52 and an intraday high of $31.17 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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