Edmond DE Rothschild Holding S.A. Has $24.66 Million Stock Position in Weyerhaeuser Company $WY

Edmond DE Rothschild Holding S.A. lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 12.9% in the 2nd quarter, Holdings Channel reports. The firm owned 960,000 shares of the real estate investment trust’s stock after buying an additional 110,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Weyerhaeuser were worth $24,662,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in Weyerhaeuser by 4.2% during the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 409 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Weyerhaeuser by 1.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 445 shares in the last quarter. SPC Financial Inc. lifted its holdings in Weyerhaeuser by 3.5% in the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 500 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Weyerhaeuser by 11.1% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 500 shares during the period. Finally, Horizon Investments LLC grew its holdings in Weyerhaeuser by 5.2% during the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 516 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 1.2%

Shares of WY opened at $21.52 on Tuesday. 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 company has a 50-day simple moving average of $23.54 and a 200-day simple moving average of $25.12. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $32.70. The firm has a market capitalization of $15.51 billion, a P/E ratio of 56.63, a P/E/G ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 28th. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of analyst reports. CIBC reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Truist Financial decreased their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Citigroup cut their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.78.

About Weyerhaeuser

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.