Confluence Investment Management Has Upped Its Weyerhaeuser Co. (WY) Stake; Charlemagne Capital LTD Cut Vimpelcom LTD (VIP) Position By $3.43 Million

June 9, 2017 - By Vivian Park

Confluence Investment Management Llc increased Weyerhaeuser Co. (WY) stake by 9.19% reported in 2016Q4 SEC filing. Confluence Investment Management Llc acquired 180,706 shares as Weyerhaeuser Co. (WY)’s stock declined 1.49%. The Confluence Investment Management Llc holds 2.15M shares with $64.61M value, up from 1.97 million last quarter. Weyerhaeuser Co. now has $24.54 billion valuation. The stock rose 1.44% or $0.47 reaching $33.06 per share. About 2.51 million shares traded. Weyerhaeuser Co (NYSE:WY) has risen 8.94% since June 9, 2016 and is uptrending. It has underperformed by 7.76% the S&P500.

Charlemagne Capital Ltd decreased Vimpelcom Ltd (VIP) stake by 17.97% reported in 2016Q4 SEC filing. Charlemagne Capital Ltd sold 1.14 million shares as Vimpelcom Ltd (VIP)’s stock 0.00%. The Charlemagne Capital Ltd holds 5.22M shares with $20.01 million value, down from 6.36 million last quarter. Vimpelcom Ltd now has $13.02 billion valuation. The stock rose 0.94% or $0.04 reaching $3.77. About 1.03M shares traded. VEON Ltd (ADR) (NASDAQ:VIP) has 0.00% since June 9, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 7 analysts covering VimpelCom (NASDAQ:VIP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. VimpelCom had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Tuesday, November 10. On Wednesday, August 26 the stock rating was maintained by Barclays Capital with “Equal Weight”. On Friday, November 27 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm earned “Outperform” rating on Friday, August 7 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, August 11 by HSBC. The firm earned “Buy” rating on Tuesday, February 14 by Goldman Sachs. Citigroup downgraded the stock to “Neutral” rating in Friday, April 8 report. RBC Capital Markets maintained VEON Ltd (ADR) (NASDAQ:VEON) on Monday, November 9 with “Outperform” rating. As per Monday, August 10, the company rating was upgraded by Deutsche Bank. Renaissance Capital upgraded the shares of VIP in report on Wednesday, September 14 to “Buy” rating.

Confluence Investment Management Llc decreased Msc Industrial Direct Co. Inc (NYSE:MSM) stake by 71,304 shares to 192,746 valued at $17.81M in 2016Q4. It also reduced Brown & Brown Inc. (NYSE:BRO) stake by 167,680 shares and now owns 464,330 shares. S&P Smallcap 600 Value Index F (IJS) was reduced too.

Among 13 analysts covering Weyerhaeuser Company (NYSE:WY), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Weyerhaeuser Company had 22 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was maintained by Argus Research on Tuesday, March 15 with “Buy”. As per Wednesday, April 19, the company rating was maintained by RBC Capital Markets. On Thursday, September 22 the stock rating was initiated by Goldman Sachs with “Buy”. The firm has “Buy” rating given on Tuesday, January 19 by Dundee Securities. CLSA downgraded the stock to “Underperform” rating in Thursday, December 15 report. The stock of Weyerhaeuser Co (NYSE:WY) earned “Outperform” rating by Credit Agricole on Friday, November 13. The firm earned “Hold” rating on Tuesday, May 3 by Vertical Research. Citigroup maintained Weyerhaeuser Co (NYSE:WY) rating on Friday, March 11. Citigroup has “Buy” rating and $32 target. The firm has “Neutral” rating given on Friday, October 9 by UBS. Bank of America upgraded the shares of WY in report on Tuesday, September 15 to “Buy” rating.