Adams Asset Advisors LLC Increased Weyerhaeuser Co Com (NYSE:WY) by $4.34 Million as Shares Rose


Adams Asset Advisors Llc increased its stake in Weyerhaeuser Co Com (NYSE:WY) by 103.94% based on its latest 2016Q2 regulatory filing with the SEC. Adams Asset Advisors Llc bought 144,799 shares as the company’s stock rose 3.86% with the market. The institutional investor held 284,105 shares of the real estate investment trusts company at the end of 2016Q2, valued at $8.80 million, up from 139,306 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Weyerhaeuser Co Com for a number of months, seems to be bullish on the $23.00 billion market cap company. The stock is down 2.94% or $0.91 hitting $30.06, despite the positive news. About 1.34M shares traded hands. Weyerhaeuser Co (NYSE:WY) has risen 32.35% since February 8, 2016 and is uptrending. It has outperformed by 15.86% the S&P500.

Adams Asset Advisors Llc is a Texas-based institutional investor with more than $828.72 million AUM in January, 2015. Taken from Adams Asset Advisors latest Adv, the fund reported to have 4 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

The institutional sentiment decreased to 0.81 in Q2 2016. Its down 4.01, from 4.82 in 2016Q1. The ratio worsened, as 48 funds sold all WY 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.

Stevens First Principles Investment Advisors holds 5.43% of its portfolio in WY for 244,660 shares. Hourglass Capital Llc owns 701,940 shares or 5.17% of their US portfolio. Moreover, Baker Boyer National Bank has 5.11% invested in the company for 37,506 shares. The Bahamas-based Holowesko Partners Ltd. has invested 5.05% in the stock. Salem Capital Management Inc, a Massachusetts-based fund reported 254,982 shares.

Out of 10 analysts covering Weyerhaeuser Company (NYSE:WY), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. $37 is the highest target while $32 is the lowest. The $33.50 average target is 11.44% above today’s ($30.06) stock price. Weyerhaeuser Company has been the topic of 16 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Dundee Securities downgraded the stock on August 12 to “Neutral” rating. DA Davidson downgraded it to “Neutral” rating and $33 target price in a May 9 report. Vertical Research downgraded the shares of WY in a report on May 3 to “Hold” rating. RBC Capital Markets maintained the firm’s rating on November 17. RBC Capital Markets has “Outperform” rating and $35 price target. Lastly, Citigroup maintained the stock with “Buy” rating in a March 11 report.

Weyerhaeuser Company is a real estate investment trust . The company has a market cap of $23.00 billion. The Firm is an owner of timberlands. It has a 43.47 P/E ratio. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees.

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