DnB Asset Management AS Reduces Stock Position in Weyerhaeuser (NYSE:WY)

DnB Asset Management AS lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,779 shares of the real estate investment trust's stock after selling 37,271 shares during the quarter. DnB Asset Management AS's holdings in Weyerhaeuser were worth $6,384,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WY. Assetmark Inc. grew its position in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc acquired a new stake in Weyerhaeuser during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the fourth quarter worth $44,000. Graney & King LLC acquired a new position in Weyerhaeuser during the fourth quarter worth about $44,000. Finally, AdvisorNet Financial Inc lifted its stake in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY traded down $0.18 during midday trading on Tuesday, reaching $29.11. The stock had a trading volume of 4,859,620 shares, compared to its average volume of 3,627,710. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $35.50. The company's 50-day moving average is $29.97 and its 200 day moving average is $30.67.

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Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is 152.73%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WY shares. Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Citigroup reduced their price objective 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. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

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.