Barclays PLC Grows Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Barclays PLC lifted its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 324.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,435 shares of the company's stock after purchasing an additional 47,730 shares during the quarter. Barclays PLC owned about 0.15% of Sylvamo worth $5,360,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SLVM. LRI Investments LLC lifted its stake in shares of Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company's stock valued at $66,000 after buying an additional 772 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Sylvamo by 5.0% in the third quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company's stock worth $777,000 after purchasing an additional 431 shares during the last quarter. State Street Corp lifted its holdings in shares of Sylvamo by 0.9% in the third quarter. State Street Corp now owns 1,407,303 shares of the company's stock valued at $120,817,000 after purchasing an additional 12,181 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Sylvamo by 473.5% during the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company's stock valued at $1,587,000 after buying an additional 15,247 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Sylvamo during the third quarter worth $284,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on SLVM shares. Sidoti started coverage on shares of Sylvamo in a report on Tuesday, October 15th. They set a "buy" rating and a $100.00 price objective on the stock. Bank of America restated an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th.

Sylvamo Stock Performance

NYSE:SLVM traded up $2.01 during trading on Friday, reaching $81.09. The company's stock had a trading volume of 2,084,682 shares, compared to its average volume of 316,963. Sylvamo Co. has a 12 month low of $44.94 and a 12 month high of $98.02. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The firm has a 50 day moving average of $87.82 and a 200-day moving average of $79.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.26. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Research analysts expect that Sylvamo Co. will post 7.15 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, January 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.22%. Sylvamo's payout ratio is 27.99%.

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.