Weyerhaeuser (NYSE:WY) Shares Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its stake in Weyerhaeuser (NYSE:WY) by 55.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 670,000 shares of the real estate investment trust’s stock after purchasing an additional 240,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Weyerhaeuser were worth $18,860,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC purchased a new position in Weyerhaeuser in the 3rd quarter valued at $297,000. Public Sector Pension Investment Board boosted its holdings in shares of Weyerhaeuser by 25.0% in the third quarter. Public Sector Pension Investment Board now owns 126,566 shares of the real estate investment trust’s stock valued at $4,286,000 after acquiring an additional 25,308 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after acquiring an additional 3,220,235 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Weyerhaeuser by 13.6% during the third quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust’s stock worth $2,853,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Weyerhaeuser in the third quarter valued at about $1,282,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the topic of several recent analyst reports. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Down 0.7 %

Shares of WY stock opened at $29.38 on Monday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.10. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $30.71. The stock has a market cap of $21.32 billion, a P/E ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.