Edmond DE Rothschild Holding S.A. Increases Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Weyerhaeuser Company by 26.9% during the 1st quarter, acquiring an additional 180,000 shares and now owning approximately $24.9 million worth of stock.
• Several institutional investors, including AXA S.A. and Aptus Capital Advisors LLC, have significantly modified their stakes in Weyerhaeuser, contributing to a total institutional ownership of 82.99%.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, representing an annualized yield of 3.4%, alongside a $1 billion share repurchase plan indicating the board’s confidence in the company's undervaluation.

Edmond DE Rothschild Holding S.A. raised its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 850,000 shares of the real estate investment trust's stock after purchasing an additional 180,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.12% of Weyerhaeuser worth $24,888,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in Weyerhaeuser during the 4th quarter worth $27,000. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the 1st quarter worth $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser during the 1st quarter worth $32,000. Finally, Marshall Investment Management LLC purchased a new position in Weyerhaeuser during the 1st quarter worth $36,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WY shares. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. Finally, Truist Financial cut their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Insider Buying and Selling

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Stock Performance

NYSE WY traded up $0.55 during trading on Friday, hitting $26.10. 3,452,715 shares of the company's stock traded hands, compared to its average volume of 3,675,931. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 68.69, a PEG ratio of 80.08 and a beta of 1.07. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The business has a 50 day moving average of $25.85 and a 200-day moving average of $26.76.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company's revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser's dividend payout ratio is 221.05%.

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.