Sunbelt Securities buys $606,203 stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Sunbelt Securities scooped up 207 additional shares in Weyerhaeuser Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 20,404 shares of Weyerhaeuser Co which is valued at $606,203.Weyerhaeuser Co makes up approximately 0.71% of Sunbelt Securities’s portfolio.

Other Hedge Funds, Including , Capital Analysts boosted its stake in WY in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 2,769 shares of Weyerhaeuser Co which is valued at $82,267. Weyerhaeuser Co makes up approx 0.02% of Capital Analysts’s portfolio. Intrust Bank Na sold out all of its stake in WY during the most recent quarter. The investment firm sold 38,547 shares of WY which is valued $1,129,042.Baker Ellis Asset Management reduced its stake in WY by selling 308 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 72,113 shares of WY which is valued at $2,162,669. Weyerhaeuser Co makes up approx 0.66% of Baker Ellis Asset Management’s portfolio.Security National Trust Co boosted its stake in WY in the latest quarter, The investment management firm added 1,915 additional shares and now holds a total of 3,835 shares of Weyerhaeuser Co which is valued at $119,345. Weyerhaeuser Co makes up approx 0.04% of Security National Trust Co’s portfolio.

Weyerhaeuser Co opened for trading at $30.05 and hit $31.19 on the upside on Monday, eventually ending the session at $31.13, with a gain of 3.59% or 1.08 points. The heightened volatility saw the trading volume jump to 67,32,326 shares. Company has a market cap of $23,287 M.

On the company’s financial health, Weyerhaeuser Co reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.22. The company had revenue of $1709.00 million for the quarter, compared to analysts expectations of $1690.43 million. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 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 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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