Hancock Whitney Corp Sells 926 Shares of Weyerhaeuser (NYSE:WY)

Hancock Whitney Corp lowered its stake in Weyerhaeuser (NYSE:WY) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,850 shares of the real estate investment trust’s stock after selling 926 shares during the period. Hancock Whitney Corp’s holdings in Weyerhaeuser were worth $774,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser during the third quarter worth $25,000. Ridgewood Investments LLC bought a new position in Weyerhaeuser during the second quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser during the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares in the last quarter. Finally, Park Place Capital Corp boosted its stake in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares during the period. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

WY has been the subject of several analyst reports. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Truist Financial lifted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $36.33.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 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, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $31.91 on Wednesday. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 43.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a 50 day simple moving average of $32.24 and a 200 day simple moving average of $30.80. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

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.