Levin Capital Strategies L.P. Cuts Stock Position in Weyerhaeuser (NYSE:WY)

Levin Capital Strategies L.P. lessened its position in Weyerhaeuser (NYSE:WY) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,800 shares of the real estate investment trust’s stock after selling 7,400 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Weyerhaeuser were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at $36,000. Capital Performance Advisors LLP purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at $50,000. AdvisorNet Financial Inc raised its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares during the period. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Weyerhaeuser by 165.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,229 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WY. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Down 0.0 %

WY opened at $30.06 on Friday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a market cap of $21.81 billion, a P/E ratio of 54.65, a PEG ratio of 4.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The business’s 50-day simple moving average is $29.43 and its 200-day simple moving average is $30.78.

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

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.21 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.