Weyerhaeuser (NYSE:WY) Stock Position Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Weyerhaeuser (NYSE:WY - Free Report) by 6,118.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the 3rd quarter worth $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. purchased a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 928 shares during the period. Finally, Park Place Capital Corp grew its stake in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke acquired 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director James Calvin O'rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, for a total transaction 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 represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Trading Up 0.1 %

Shares of Weyerhaeuser stock traded up $0.02 during trading hours on Friday, reaching $31.18. 2,733,628 shares of the company's stock were exchanged, compared to its average volume of 3,650,836. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a fifty day moving average of $32.14 and a 200-day moving average of $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 firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 42.11 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its 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 return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WY. BMO Capital Markets reaffirmed a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. StockNews.com lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday. DA Davidson reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Finally, Argus raised Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.33.

About Weyerhaeuser

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.