Hancock Whitney Corp Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Hancock Whitney Corp lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 25.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,776 shares of the real estate investment trust’s stock after selling 8,251 shares during the period. Hancock Whitney Corp’s holdings in Weyerhaeuser were worth $675,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Weyerhaeuser by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after acquiring an additional 31,355 shares during the last quarter. Slagle Financial LLC increased its position in Weyerhaeuser by 101.7% in the fourth quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock worth $3,973,000 after buying an additional 57,608 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Weyerhaeuser by 1,548.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock worth $2,776,000 after buying an additional 75,007 shares during the period. M&G Plc lifted its position in shares of Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after buying an additional 273,291 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Weyerhaeuser by 243.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after acquiring an additional 242,744 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.9 %

Shares of WY opened at $33.55 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 30.50 and a beta of 1.40. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The business’s 50 day simple moving average is $31.00 and its 200-day simple moving average is $31.17.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business earned $0.32 EPS. Weyerhaeuser’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.38%. Weyerhaeuser’s payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Truist Financial cut their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $35.83.

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.