Federated Hermes Inc. Sells 348,854 Shares of Weyerhaeuser (NYSE:WY)

Federated Hermes Inc. cut its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,370,602 shares of the real estate investment trust's stock after selling 348,854 shares during the quarter. Federated Hermes Inc. owned 0.19% of Weyerhaeuser worth $38,582,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WY. Truist Financial Corp lifted its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after purchasing an additional 1,373 shares in the last quarter. Oak Thistle LLC purchased a new position in Weyerhaeuser during the 4th quarter valued at about $1,214,000. Sonora Investment Management Group LLC increased its holdings in shares of Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after purchasing an additional 18,698 shares during the period. Czech National Bank lifted its position in shares of Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after purchasing an additional 9,377 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after purchasing an additional 75,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded down $0.06 during trading hours on Friday, reaching $25.76. 3,635,721 shares of the company were exchanged, compared to its average volume of 3,701,370. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $29.14 and a 200 day moving average of $30.20.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is presently 152.73%.

Analyst Upgrades and Downgrades

WY has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

Weyerhaeuser Company 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.