Federated Hermes Inc. Sells 125,595 Shares of Weyerhaeuser (NYSE:WY)

Federated Hermes Inc. cut its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,600,713 shares of the real estate investment trust's stock after selling 125,595 shares during the quarter. Federated Hermes Inc. owned 0.22% of Weyerhaeuser worth $55,657,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ascent Group LLC lifted its holdings in Weyerhaeuser by 3.8% during the 3rd quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust's stock worth $297,000 after buying an additional 348 shares in the last quarter. MMA Asset Management LLC raised its holdings in shares of Weyerhaeuser by 4.9% in the 2nd quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust's stock valued at $252,000 after purchasing an additional 349 shares in the last quarter. SVB Wealth LLC raised its holdings in shares of Weyerhaeuser by 3.2% in the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 351 shares in the last quarter. Home Federal Bank of Tennessee raised its holdings in shares of Weyerhaeuser by 1.0% in the 3rd quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust's stock valued at $1,126,000 after purchasing an additional 355 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Weyerhaeuser by 0.4% in the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust's stock valued at $2,793,000 after purchasing an additional 380 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WY has been the topic of a number of analyst reports. StockNews.com lowered shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a report on Friday, March 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. Finally, Truist Financial reiterated a "hold" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $38.00.

Weyerhaeuser Stock Up 0.4 %

NYSE:WY traded up $0.12 during midday trading on Friday, hitting $31.47. 3,955,310 shares of the company were exchanged, compared to its average volume of 2,888,662. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $22.96 billion, a PE ratio of 27.37 and a beta of 1.43. The company has a fifty day simple moving average of $34.11 and a 200 day simple moving average of $32.68.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $0.24 EPS. Weyerhaeuser's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is presently 69.57%.

Insiders Place Their Bets

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company's stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,699 shares of company stock valued at $1,455,609. Insiders own 0.27% of the company's stock.

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.