Vigilant Capital Management Lowers stake in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Vigilant Capital Management reduced its stake in Weyerhaeuser Co by 0.05% during the most recent quarter end. The investment management company now holds a total of 236,685 shares of Weyerhaeuser Co which is valued at $7,427,175 after selling 114 shares in Weyerhaeuser Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Weyerhaeuser Co makes up approximately 1.34% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , P.r. Herzig boosted its stake in WY in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,200 shares of Weyerhaeuser Co which is valued at $571,116. Weyerhaeuser Co makes up approx 1.15% of P.r. Herzig’s portfolio.Capstone Asset Management Co reduced its stake in WY by selling 1,176 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 59,522 shares of WY which is valued at $1,830,897. Weyerhaeuser Co makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Hexavest reduced its stake in WY by selling 98,717 shares or 7.98% in the most recent quarter. The Hedge Fund company now holds 1,138,635 shares of WY which is valued at $35,024,413. Weyerhaeuser Co makes up approx 0.64% of Hexavest’s portfolio.Telemus Capital boosted its stake in WY in the latest quarter, The investment management firm added 4,039 additional shares and now holds a total of 118,485 shares of Weyerhaeuser Co which is valued at $3,630,380. Weyerhaeuser Co makes up approx 0.40% of Telemus Capital’s portfolio.

Weyerhaeuser Co opened for trading at $31.36 and hit $31.52 on the upside on Friday, eventually ending the session at $31.38, with a gain of 0.58% or 0.18 points. The heightened volatility saw the trading volume jump to 37,46,479 shares. Company has a market cap of $23,495 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.

Investors should note that on Oct 14, 2016, Weyerhaeuser Co announced a cash dividend of $0.3100. The company’s management has announced Oct 26, 2016 as the ex-dividend date and fixed the record date on Oct 28, 2016. The payable date has been fixed on Nov 18, 2016.

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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