Parisi Gray Wealth Management Acquires Shares of 2,162 Weyerhaeuser (NYSE:WY)

Parisi Gray Wealth Management acquired a new stake in Weyerhaeuser (NYSE:WY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,162 shares of the real estate investment trust’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Toroso Investments LLC increased its stake in Weyerhaeuser by 33.4% in the second quarter. Toroso Investments LLC now owns 52,528 shares of the real estate investment trust’s stock valued at $1,808,000 after purchasing an additional 13,159 shares during the period. APG Asset Management N.V. increased its stake in Weyerhaeuser by 48.8% in the second quarter. APG Asset Management N.V. now owns 265,232 shares of the real estate investment trust’s stock valued at $7,698,000 after purchasing an additional 87,000 shares during the period. Alpha Paradigm Partners LLC acquired a new position in Weyerhaeuser in the second quarter valued at $274,000. Sigma Planning Corp increased its stake in shares of Weyerhaeuser by 3.3% during the second quarter. Sigma Planning Corp now owns 12,272 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 389 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Weyerhaeuser by 9.5% during the second quarter. Neuberger Berman Group LLC now owns 1,870,469 shares of the real estate investment trust’s stock worth $64,227,000 after acquiring an additional 161,862 shares during the period. Institutional investors own 81.21% of the company’s stock.

Shares of WY opened at $37.40 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.42 and a current ratio of 2.85. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 12.26 and a beta of 1.84. The company’s 50 day simple moving average is $35.58 and its 200 day simple moving average is $36.08. Weyerhaeuser has a 1 year low of $26.57 and a 1 year high of $41.68.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Weyerhaeuser had a net margin of 23.25% and a return on equity of 26.56%. The business’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts expect that Weyerhaeuser will post 3.37 EPS for the current fiscal year.

The business also recently declared a None dividend, which will be paid on Tuesday, October 19th. Investors of record on Tuesday, October 5th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, October 4th. Weyerhaeuser’s dividend payout ratio (DPR) is 52.71%.

A number of research firms recently commented on WY. The Goldman Sachs Group began coverage on shares of Weyerhaeuser in a report on Thursday, July 15th. They set a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a report on Monday, October 4th. Raymond James reduced their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Friday, August 27th. Finally, Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, July 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $39.29.

Weyerhaeuser Profile

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

See Also: What is the outlook for the FAANG stocks?

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.