International Assets Investment Management LLC Purchases 192,971 Shares of Weyerhaeuser (NYSE:WY)

International Assets Investment Management LLC lifted its position in Weyerhaeuser (NYSE:WY) by 6,118.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,125 shares of the real estate investment trust’s stock after acquiring an additional 192,971 shares during the quarter. International Assets Investment Management LLC’s holdings in Weyerhaeuser were worth $6,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Ridgewood Investments LLC bought a new position in Weyerhaeuser in the second quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Finally, Park Place Capital Corp raised its holdings in Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $31.16 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company’s 50 day moving average is $32.14 and its 200 day moving average is $30.80. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The company has a market cap of $22.66 billion, a PE ratio of 42.11 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.33 EPS. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Weyerhaeuser will post 0.45 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of the stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent research reports. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.