International Assets Investment Management LLC Has $6.64 Million Stake in Weyerhaeuser (NYSE:WY)

International Assets Investment Management LLC grew its position in Weyerhaeuser (NYSE:WY) by 6,118.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,125 shares of the real estate investment trust’s stock after buying 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 hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Weyerhaeuser by 0.8% during the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock worth $1,544,000 after acquiring an additional 348 shares during the last quarter. Wedmont Private Capital boosted its stake in Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 350 shares in the last quarter. Institute for Wealth Management LLC. raised its holdings in Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 366 shares during the last quarter. CWM LLC raised its holdings in Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 368 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its holdings in Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after buying an additional 402 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

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

Analyst Ratings Changes

WY has been the subject of several analyst reports. Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial boosted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. 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 note on Monday, July 29th. Finally, Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Price Performance

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

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.45 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm 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 dividend yield of 2.57%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.