Hancock Whitney Corp Has $774,000 Stock Position in Weyerhaeuser (NYSE:WY)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of Weyerhaeuser by 4.6% during the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after purchasing an additional 454,095 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Weyerhaeuser by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust’s stock worth $132,709,000 after buying an additional 740,508 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Weyerhaeuser by 32.3% in the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after buying an additional 804,650 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.0 %

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

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

Weyerhaeuser Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.