American Century Companies Inc. Purchases 134,066 Shares of Sylvamo Co. (NYSE:SLVM)

American Century Companies Inc. boosted its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,016,064 shares of the company's stock after acquiring an additional 134,066 shares during the period. American Century Companies Inc. owned approximately 2.48% of Sylvamo worth $80,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLVM. Tidal Investments LLC lifted its position in Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company's stock valued at $1,929,000 after acquiring an additional 13,512 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company's stock valued at $1,587,000 after purchasing an additional 15,247 shares in the last quarter. Citigroup Inc. boosted its position in shares of Sylvamo by 67.0% during the third quarter. Citigroup Inc. now owns 46,518 shares of the company's stock worth $3,994,000 after buying an additional 18,657 shares during the period. GAMMA Investing LLC grew its holdings in shares of Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after buying an additional 201 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Sylvamo in the 3rd quarter valued at approximately $1,633,000. 91.16% of the stock is currently owned by institutional investors.

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Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SLVM has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Bank of America restated an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

Sylvamo Stock Up 0.6 %

NYSE SLVM traded up $0.39 during trading hours on Friday, hitting $67.28. 319,337 shares of the company traded hands, compared to its average volume of 324,506. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The business's 50-day moving average is $72.08 and its 200-day moving average is $80.03. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a twelve month low of $56.35 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Sell-side analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

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.