Western Asset Management Co Exits Position in Weyerhaeuser Co (WY)

Weyerhaeuser Co (WY) : Western Asset Management Co has sold out all of its stake in Weyerhaeuser Co during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 69 shares of Weyerhaeuser Co which is valued at $2,198.

Other Hedge Funds, Including , Van Cleef Asset Managementinc boosted its stake in WY in the latest quarter, The investment management firm added 1,457 additional shares and now holds a total of 211,350 shares of Weyerhaeuser Co which is valued at $6,733,611. Weyerhaeuser Co makes up approx 2.22% of Van Cleef Asset Managementinc’s portfolio.Blackrock Fund Advisors reduced its stake in WY by selling 2,882,992 shares or 15.31% in the most recent quarter. The Hedge Fund company now holds 15,944,691 shares of WY which is valued at $507,997,855. Weyerhaeuser Co makes up approx 0.11% of Blackrock Fund Advisors’s portfolio.Blackrock Investment Management reduced its stake in WY by selling 92,510 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 3,351,491 shares of WY which is valued at $106,778,503. Weyerhaeuser Co makes up approx 0.13% of Blackrock Investment Management’s portfolio.Shinko Asset Management Ltd. boosted its stake in WY in the latest quarter, The investment management firm added 357,703 additional shares and now holds a total of 19,390,963 shares of Weyerhaeuser Co which is valued at $628,848,930. Weyerhaeuser Co makes up approx 4.26% of Shinko Asset Management Ltd.’s portfolio. Lowe Fs added WY to its portfolio by purchasing 117 company shares during the most recent quarter which is valued at $3,779.

Weyerhaeuser Co opened for trading at $31.82 and hit $32.02 on the upside on Thursday, eventually ending the session at $31.87, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 27,83,878 shares. Company has a market cap of $23,862 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.

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