Holowesko Partners Ltd decreased its stake in Weyerhaeuser Co (WY) by 14.07% based on its latest 2016Q3 regulatory filing with the SEC. Holowesko Partners Ltd sold 283,900 shares as the company’s stock rose 6.04% with the market. The hedge fund held 1.73M shares of the real estate investment trusts company at the end of 2016Q3, valued at $55.37 million, down from 2.02M at the end of the previous reported quarter. Holowesko Partners Ltd who had been investing in Weyerhaeuser Co for a number of months, seems to be less bullish one the $23.02B market cap company. The stock is up 0.94% or $0.29 hitting $31.02, despite the negative news. About 629,687 shares traded hands. Weyerhaeuser Co (NYSE:WY) has declined 1.47% since June 7, 2016 and is downtrending. It has underperformed by 8.90% the S&P500.
Holowesko Partners Ltd, which manages about $4.09 billion and $1.12B US Long portfolio, upped its stake in Baidu Inc (NASDAQ:BIDU) by 16,500 shares to 279,800 shares, valued at $50.94 million in 2016Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 47,000 shares in the quarter, for a total of 728,800 shares, and has risen its stake in China Mobile Limited (NYSE:CHL).
Holowesko Partners Ltd is a Bahamas-based hedge fund with more than $4.09 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Holowesko Partners latest Adv, the fund reported to have 15 full and part-time employees. Among which 15 performing investment advisory and research functions. The hedge fund had between 1-10 clients.
Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q3. Its up 0.31, from 0.81 in 2016Q2. The ratio is positive, as 45 funds sold all WY shares owned while 264 reduced positions. 89 funds bought stakes while 256 increased positions. They now own 559.95 million shares or 0.20% more from 558.83 million shares in 2016Q2. Franklin Res holds 0% of its portfolio in Weyerhaeuser Co (NYSE:WY) for 130,748 shares. Winfield Assocs, a Ohio-based fund reported 858 shares. Dorsey Whitney Tru Communication Limited Liability Corp has 21,094 shares for 0.15% of their US portfolio. Korea Investment last reported 0.05% of its portfolio in the stock. Winslow Evans & Crocker has 0% invested in the company for 636 shares. Forward Mgmt Ltd accumulated 115,600 shares or 0.28% of the stock. Lawson Kroeker Inv Management Ne holds 284,208 shares or 2.93% of its portfolio. Bedell Frazier Inv Counseling Ltd Liability Co accumulated 183,115 shares or 2.42% of the stock. Swiss Bancorporation accumulated 0.11% or 2.10 million shares. Lasalle Invest Securities Limited Liability Company accumulated 0.38% or 1.25M shares. Amica Retiree Medical holds 0.81% of its portfolio in Weyerhaeuser Co (NYSE:WY) for 30,100 shares. Schulhoff Inc accumulated 0.32% or 16,205 shares. Aberdeen Asset Mgmt Public Ltd Co Uk has invested 0.02% of its portfolio in Weyerhaeuser Co (NYSE:WY). Fdx Advsrs Inc, a California-based fund reported 14,202 shares. Teachers And Annuity Association Of America accumulated 0.61% or 790,365 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 6 selling transactions for $22.83 million net activity. 59,686 Weyerhaeuser Co (NYSE:WY) shares with value of $1.94M were sold by HILLMAN JEANNE M. Merle Denise M sold $468,325 worth of stock or 15,049 shares. 11,609 shares were sold by Slater Catherine I, worth $369,294. On Monday, July 25 the insider HOLLEY RICK R sold $19.79M. Hunter Rhonda D sold $109,494 worth of Weyerhaeuser Co (NYSE:WY) on Wednesday, July 27.
Analysts await Weyerhaeuser Co (NYSE:WY) to report earnings on February, 3. They expect $0.17 EPS, down 29.17% or $0.07 from last year’s $0.24 per share. WY’s profit will be $126.16 million for 45.62 P/E if the $0.17 EPS becomes a reality. After $0.23 actual EPS reported by Weyerhaeuser Co for the previous quarter, Wall Street now forecasts -26.09% negative EPS growth.
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.”
Weyerhaeuser Co (NYSE:WY) Ratings Coverage
Out of 12 analysts covering Weyerhaeuser Company (NYSE:WY), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. Weyerhaeuser Company has been the topic of 20 analyst reports since September 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, November 17 report. On Tuesday, September 15 the stock rating was upgraded by Bank of America to “Buy”. The firm earned “Underperform” rating on Thursday, December 15 by CLSA. The stock of Weyerhaeuser Co (NYSE:WY) has “Neutral” rating given on Friday, December 18 by Dundee Securities. The stock has “Buy” rating given by Argus Research on Tuesday, March 15. The rating was upgraded by Credit Agricole to “Outperform” on Friday, November 13. The stock has “Hold” rating given by Vertical Research on Tuesday, May 3. DA Davidson upgraded the shares of WY in a report on Wednesday, June 29 to “Buy” rating. On Monday, May 9 the stock rating was downgraded by DA Davidson to “Neutral”. As per Friday, August 12, the company rating was downgraded by Dundee Securities.
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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