Pictet Asset Management Holding SA Raises Position in Weyerhaeuser Company $WY

Pictet Asset Management Holding SA lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,555,139 shares of the real estate investment trust's stock after buying an additional 190,353 shares during the period. Pictet Asset Management Holding SA owned approximately 0.63% of Weyerhaeuser worth $107,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its position in shares of Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust's stock worth $46,636,000 after buying an additional 405,575 shares during the period. Citigroup Inc. boosted its position in shares of Weyerhaeuser by 68.5% in the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust's stock worth $40,836,000 after buying an additional 669,451 shares during the period. Nordea Investment Management AB boosted its position in shares of Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust's stock worth $57,278,000 after buying an additional 46,207 shares during the period. Principal Financial Group Inc. boosted its position in shares of Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust's stock worth $91,128,000 after buying an additional 97,769 shares during the period. Finally, Cambria Investment Management L.P. purchased a new stake in shares of Weyerhaeuser in the third quarter worth about $1,265,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In other news, Director Richard Beckwitt acquired 20,000 shares of the business's stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares of the company's stock, valued at $618,496.20. This represents a 491.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin O'rourke acquired 4,000 shares of the business's stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company's stock, valued at $726,556.35. This represents a 16.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WY shares. DA Davidson reissued a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 31st. Citigroup reissued an "outperform" rating on shares of Weyerhaeuser in a report on Thursday. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a report on Thursday. Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, April 15th. Finally, Weiss Ratings raised Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Hold" and an average target price of $28.75.

Weyerhaeuser Trading Up 0.0%

Shares of WY opened at $25.04 on Tuesday. The company has a market capitalization of $18.05 billion, a P/E ratio of 56.90, a P/E/G ratio of 2.74 and a beta of 0.98. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. The stock has a 50-day moving average price of $24.43 and a 200 day moving average price of $24.18.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Weyerhaeuser's revenue for the quarter was down 9.8% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser Company will post 0.26 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser's dividend payout ratio is presently 190.91%.

Weyerhaeuser Company Profile

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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