Weyerhaeuser (NYSE:WY) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Weyerhaeuser (NYSE:WY) by 4.2% during the 4th quarter, HoldingsChannel reports. The fund owned 5,057,445 shares of the real estate investment trust’s stock after buying an additional 201,614 shares during the period. Pictet Asset Management Holding SA’s holdings in Weyerhaeuser were worth $142,367,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the fourth quarter worth $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $44,000. Graney & King LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $44,000. Finally, AdvisorNet Financial Inc boosted its position in Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research note on Wednesday, January 15th. Citigroup reduced their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $29.38 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The business’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $30.71. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

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.