Weyerhaeuser Company (NYSE:WY) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,343,082 shares of the real estate investment trust's stock after selling 27,520 shares during the quarter. Federated Hermes Inc. owned about 0.19% of Weyerhaeuser worth $39,325,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WY. DAVENPORT & Co LLC grew its stake in Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock valued at $584,000 after acquiring an additional 1,480 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Weyerhaeuser by 232.0% in the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after buying an additional 6,622 shares during the period. J.W. Cole Advisors Inc. boosted its position in Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock valued at $1,087,000 after acquiring an additional 17,132 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Weyerhaeuser in the 1st quarter worth about $119,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded up $0.03 during midday trading on Friday, reaching $25.08. 4,684,519 shares of the stock were exchanged, compared to its average volume of 4,999,649. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 66.00, a PEG ratio of 65.52 and a beta of 1.08. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The firm has a 50-day simple moving average of $26.10 and a two-hundred day simple moving average of $27.53. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $0.21 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WY. Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Citigroup cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, CIBC lowered their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Profile

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.