45,969 Shares in Sylvamo Co. (NYSE:SLVM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,969 shares of the company's stock, valued at approximately $3,632,000. Raymond James Financial Inc. owned about 0.11% of Sylvamo as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company's stock worth $1,929,000 after purchasing an additional 13,512 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after buying an additional 201 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sylvamo by 224.6% during the 4th quarter. Blue Trust Inc. now owns 11,284 shares of the company's stock worth $969,000 after buying an additional 7,808 shares during the period. Barclays PLC grew its stake in Sylvamo by 324.6% in the 3rd quarter. Barclays PLC now owns 62,435 shares of the company's stock valued at $5,360,000 after buying an additional 47,730 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company's stock worth $363,000 after acquiring an additional 300 shares during the period. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th.

Sylvamo Stock Down 1.4 %

NYSE SLVM opened at $59.55 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock's 50 day moving average is $64.51 and its two-hundred day moving average is $76.82. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a 1-year low of $54.94 and a 1-year high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Equities analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is currently 24.97%.

Insider Activity

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares of the company's stock, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.

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