The stock of Weyerhaeuser Co (NYSE:WY) is a huge mover today! About 1.92M shares traded hands. Weyerhaeuser Co (NYSE:WY) has declined 6.83% since April 11, 2016 and is downtrending. It has underperformed by 12.98% the S&P500.
The move comes after 8 months positive chart setup for the $21.24 billion company. It was reported on Nov, 11 by Barchart.com. We have $43.64 PT which if reached, will make NYSE:WY worth $10.83B more.
Weyerhaeuser Co (NYSE:WY) Ratings Coverage
Out of 11 analysts covering Weyerhaeuser Company (NYSE:WY), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Weyerhaeuser Company has been the topic of 18 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vertical Research to “Hold” on Tuesday, May 3. As per Friday, November 13, the company rating was upgraded by Credit Agricole. As per Tuesday, September 15, the company rating was upgraded by Bank of America. Dundee Securities downgraded Weyerhaeuser Co (NYSE:WY) on Friday, December 18 to “Neutral” rating. The rating was maintained by RBC Capital Markets on Tuesday, November 17 with “Outperform”. UBS upgraded the stock to “Neutral” rating in Friday, October 9 report. Argus Research maintained it with “Buy” rating and $34 target price in Tuesday, March 15 report. CLSA upgraded Weyerhaeuser Co (NYSE:WY) on Friday, November 13 to “Outperform” rating. Dundee Securities downgraded Weyerhaeuser Co (NYSE:WY) on Friday, August 12 to “Neutral” rating. DA Davidson downgraded the stock to “Neutral” rating in Monday, May 9 report.
According to Zacks Investment Research, “Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate related activities. Its business segments are timberlands; wood products; pulp, paper and packaging; and real estate and related assets.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 4.01, from 4.82 in 2016Q1. The ratio fall, as 48 funds sold all Weyerhaeuser Co shares owned while 313 reduced positions. 66 funds bought stakes while 228 increased positions. They now own 558.83 million shares or 51.86% less from 1.16 billion shares in 2016Q1.
First Fincl In last reported 0.02% of its portfolio in the stock. Hall Laurie J Trustee holds 0.06% or 2,755 shares in its portfolio. Cadinha And Limited accumulated 0.2% or 31,900 shares. Gabelli Funds Ltd Limited Liability Company accumulated 0.12% or 656,000 shares. Buffington Mohr Mcneal last reported 0.06% of its portfolio in the stock. Capwealth Advisors Ltd Limited Liability Company, a Tennessee-based fund reported 560 shares. Farr Miller & Washington Dc, a -based fund reported 55,644 shares. Metropolitan Life Ins Com Ny accumulated 0.09% or 387,438 shares. Commonwealth Bancorporation Of owns 51,330 shares or 0.02% of their US portfolio. Crawford Invest Counsel Inc has 0.05% invested in the company for 42,152 shares. Assetmark holds 0% or 3,239 shares in its portfolio. The Ontario – Canada-based Brookfield Asset Mgmt has invested 0.07% in Weyerhaeuser Co (NYSE:WY). Raymond James Financial Serv Advsr accumulated 0.07% or 254,120 shares. Moreover, Shinko Asset Co Ltd has 4% invested in Weyerhaeuser Co (NYSE:WY) for 19.13M shares. Alpine Woods Cap Investors Ltd Liability Company last reported 107,200 shares in the company.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 9 sales for $23.28 million net activity. Merle Denise M also sold $468,325 worth of Weyerhaeuser Co (NYSE:WY) on Monday, October 10. 4,492 shares were sold by HILLMAN JEANNE M, worth $145,990. 608,000 shares were sold by HOLLEY RICK R, worth $19.79M on Monday, July 25. The insider Hunter Rhonda D sold $98,760. Slater Catherine I had sold 11,609 shares worth $369,294 on Friday, August 12. 1,929 shares with value of $58,456 were sold by Bozeman David P on Thursday, June 9. Emmert Mark A also sold $298,000 worth of Weyerhaeuser Co (NYSE:WY) shares.
More news for Weyerhaeuser Co (NYSE:WY) were recently published by: Prnewswire.com, which released: “Weyerhaeuser announces leadership changes” on November 01, 2016. Prnewswire.com‘s article titled: “Weyerhaeuser Company declares dividend on common shares” and published on October 14, 2016 is yet another important article.
WY Company Profile
Weyerhaeuser Company, incorporated on January 18, 1900, is a real estate investment trust (REIT). The Firm is an owner of timberlands. The Firm is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company’s divisions include Timberlands, Wood Products and Cellulose Fibers. The Firm owns or controls approximately seven 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.
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