DnB Asset Management AS Has $6.38 Million Stock Position in Weyerhaeuser (NYSE:WY)

DnB Asset Management AS lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 226,779 shares of the real estate investment trust’s stock after selling 37,271 shares during the period. DnB Asset Management AS’s holdings in Weyerhaeuser were worth $6,384,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its position in shares of Weyerhaeuser by 4.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,057,445 shares of the real estate investment trust’s stock worth $142,367,000 after buying an additional 201,614 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Weyerhaeuser by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 222,631 shares of the real estate investment trust’s stock worth $6,267,000 after acquiring an additional 631 shares during the period. Norges Bank purchased a new position in Weyerhaeuser during the 4th quarter valued at about $638,470,000. Caisse Des Depots ET Consignations acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $5,179,000. Finally, NEOS Investment Management LLC lifted its position in shares of Weyerhaeuser by 31.0% in the fourth quarter. NEOS Investment Management LLC now owns 42,066 shares of the real estate investment trust’s stock worth $1,184,000 after purchasing an additional 9,951 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $29.38 on Monday. The business’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $30.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.10. 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 announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 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 company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is 152.73%.

Analyst Ratings Changes

A number of research analysts recently commented on WY shares. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.