Pictet Asset Management Holding SA Acquires 201,614 Shares of Weyerhaeuser (NYSE:WY)

Pictet Asset Management Holding SA increased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 owned about 0.70% of Weyerhaeuser worth $142,367,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of Weyerhaeuser by 290.9% during the 4th 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 purchased a new stake in Weyerhaeuser during the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new position in Weyerhaeuser during the fourth quarter worth about $44,000. Graney & King LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $44,000. Finally, AdvisorNet Financial Inc raised its position in shares of Weyerhaeuser by 41.2% in the fourth 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 period. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

WY has been the subject of several 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 research note on Friday, December 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Finally, Citigroup lowered their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Price Performance

Shares of WY stock traded up $0.27 during trading on Wednesday, hitting $29.41. The company had a trading volume of 1,934,255 shares, compared to its average volume of 3,628,971. The stock's 50-day moving average is $29.97 and its two-hundred day moving average is $30.67. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 53.46, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $35.30.

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

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 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.