BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Weyerhaeuser (NYSE:WY)

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,487 shares of the real estate investment trust's stock after selling 56,785 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Weyerhaeuser were worth $3,026,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 922 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. Graney & King LLC purchased a new position in Weyerhaeuser in the fourth quarter worth about $44,000. Finally, AdvisorNet Financial Inc increased its stake in Weyerhaeuser by 41.2% during the fourth 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 last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on WY. CIBC cut their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Down 2.6 %

NYSE:WY traded down $0.67 during trading hours on Friday, reaching $24.83. The company's stock had a trading volume of 4,584,315 shares, compared to its average volume of 3,710,083. The stock has a 50 day moving average price of $28.25 and a two-hundred day moving average price of $29.70. 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 company has a market capitalization of $18.02 billion, a P/E ratio of 45.15, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company 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. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.38%. 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.