Sylvamo Co. (NYSE:SLVM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,687 shares of the company's stock after selling 60,705 shares during the quarter. Bank of New York Mellon Corp owned about 0.95% of Sylvamo worth $30,635,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. 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 valued at $52,000 after purchasing an additional 201 shares during the period. Fifth Third Bancorp increased its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after buying an additional 214 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Sylvamo by 7.9% during the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock valued at $281,000 after acquiring an additional 273 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Sylvamo by 7.0% during 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 in the last quarter. Finally, CX Institutional grew its holdings in shares of Sylvamo by 2.0% in the 4th quarter. CX Institutional now owns 19,385 shares of the company's stock worth $1,532,000 after acquiring an additional 386 shares during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on SLVM shares. Bank of America reaffirmed an "underperform" rating and set a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th.

Sylvamo Price Performance

SLVM stock traded down $1.78 on Wednesday, reaching $65.02. The company had a trading volume of 206,681 shares, compared to its average volume of 309,130. 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 company's fifty day moving average is $75.03 and its 200 day moving average is $81.02. The company has a market cap of $2.64 billion, a P/E ratio of 9.03, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 1 year low of $56.20 and a 1 year high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (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%. On average, research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

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 2.77%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is presently 24.97%.

Sylvamo Company Profile

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.