Sylvamo Co. (NYSE:SLVM) Stake Boosted by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 224.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,284 shares of the company's stock after purchasing an additional 7,808 shares during the quarter. Blue Trust Inc.'s holdings in Sylvamo were worth $969,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SLVM. 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 during the last quarter. CX Institutional increased 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 valued at $1,532,000 after acquiring an additional 386 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Sylvamo by 277.6% during the 4th quarter. SG Americas Securities LLC now owns 21,105 shares of the company's stock valued at $1,668,000 after acquiring an additional 15,516 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Sylvamo by 24.6% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,984 shares of the company's stock worth $236,000 after purchasing an additional 590 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Sylvamo by 107.9% during the fourth quarter. Ritholtz Wealth Management now owns 13,920 shares of the company's stock valued at $1,100,000 after purchasing an additional 7,224 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Stock Performance

Shares of Sylvamo stock traded down $1.15 during trading on Friday, hitting $80.05. 259,601 shares of the stock were exchanged, compared to its average volume of 247,819. 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 Co. has a 12 month low of $44.94 and a 12 month high of $98.02. The stock's fifty day moving average is $83.29 and its 200 day moving average is $81.25. The stock has a market cap of $3.28 billion, a PE ratio of 12.45, a P/E/G ratio of 2.28 and a beta of 1.13.

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

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.25%. Sylvamo's payout ratio is 27.99%.

Analysts Set New Price Targets

SLVM has been the subject of several research reports. Bank of America reaffirmed an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They set a "buy" rating and a $100.00 target price for the company.

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.