DekaBank Deutsche Girozentrale Raises Holdings in Weyerhaeuser (NYSE:WY)

DekaBank Deutsche Girozentrale increased its stake in Weyerhaeuser (NYSE:WY - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,308 shares of the real estate investment trust's stock after acquiring an additional 31,487 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.07% of Weyerhaeuser worth $17,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Forsta AP Fonden grew its holdings in Weyerhaeuser by 26.0% during the 3rd quarter. Forsta AP Fonden now owns 132,800 shares of the real estate investment trust's stock valued at $4,497,000 after purchasing an additional 27,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Weyerhaeuser by 30.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,384 shares of the real estate investment trust's stock valued at $1,937,000 after buying an additional 13,411 shares during the last quarter. Lyell Wealth Management LP purchased a new stake in shares of Weyerhaeuser in the third quarter worth approximately $231,000. Mediolanum International Funds Ltd lifted its stake in shares of Weyerhaeuser by 117.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 410,727 shares of the real estate investment trust's stock worth $13,839,000 after acquiring an additional 222,168 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in Weyerhaeuser during the 3rd quarter valued at $204,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WY has been the subject of several research analyst reports. DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday. Argus raised Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Finally, Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.33.

Insider Activity

In other news, Director James Calvin O'rourke bought 7,800 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Albert Monaco bought 31,500 shares of the business's stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O'rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded up $0.85 during mid-day trading on Wednesday, hitting $31.73. The company's stock had a trading volume of 2,608,029 shares, compared to its average volume of 3,645,932. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 41.73 and a beta of 1.40. The business's fifty day moving average is $32.10 and its two-hundred day moving average is $30.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. Analysts anticipate that Weyerhaeuser will post 0.45 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's payout ratio is currently 108.11%.

Weyerhaeuser 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.