Weyerhaeuser (NYSE:WY) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,632 shares of the real estate investment trust’s stock after selling 6,218 shares during the quarter. Hancock Whitney Corp’s holdings in Weyerhaeuser were worth $468,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cohen & Steers Inc. grew its holdings in shares of Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Norges Bank acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $638,470,000. Geode Capital Management LLC raised its position in shares of Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock valued at $566,527,000 after buying an additional 637,643 shares during the period. First Eagle Investment Management LLC lifted its holdings in Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock valued at $404,299,000 after acquiring an additional 158,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock valued at $252,958,000 after acquiring an additional 245,962 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WY. Citigroup reduced their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. CIBC dropped their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial cut their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Weyerhaeuser Stock Down 2.6 %

Shares of NYSE WY opened at $24.83 on Friday. The stock has a market cap of $18.02 billion, a P/E ratio of 45.15, a PEG ratio of 4.74 and a beta of 1.25. The business’s fifty day simple moving average is $28.25 and its 200-day simple moving average is $29.68. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s 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.