Brandywine Global Investment Management LLC lessened its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,949 shares of the company's stock after selling 4,551 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.31% of Sylvamo worth $10,032,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC increased its position in shares of Sylvamo by 43.6% during the 4th 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 raised its stake in shares of Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after buying an additional 214 shares in the last quarter. LRI Investments LLC lifted its holdings 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 during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Sylvamo during the third quarter valued at about $82,000. Institutional investors own 91.16% of the company's stock.
Sylvamo Price Performance
Shares of NYSE SLVM traded down $3.34 during mid-day trading on Friday, reaching $59.08. The company had a trading volume of 348,756 shares, compared to its average volume of 325,466. Sylvamo Co. has a 1-year low of $56.35 and a 1-year high of $98.02. The stock has a market cap of $2.40 billion, a PE ratio of 8.19, a P/E/G ratio of 2.23 and a beta of 1.17. 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 company has a 50-day moving average price of $70.28 and a two-hundred day moving average price of $79.61.
Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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, equities 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. Investors 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 yield of 3.05%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio is 24.97%.
Wall Street Analyst Weigh In
Several brokerages have commented on SLVM. Bank of America reiterated an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th.
Check Out Our Latest Stock Analysis on SLVM
Insiders Place Their Bets
In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the 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 completion of the sale, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This represents a 13.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.
Sylvamo Profile
(
Free Report)
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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