Dimensional Fund Advisors LP Sells 29,092 Shares of Sylvamo Co. (NYSE:SLVM)

Dimensional Fund Advisors LP reduced its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,279,891 shares of the company's stock after selling 29,092 shares during the period. Dimensional Fund Advisors LP owned approximately 3.12% of Sylvamo worth $101,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLVM. First Trust Advisors LP lifted its stake in Sylvamo by 39.7% during the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock worth $93,045,000 after purchasing an additional 334,792 shares during the last quarter. Farringdon Capital Ltd. purchased a new stake in Sylvamo in the fourth quarter worth approximately $371,000. Jump Financial LLC bought a new position in Sylvamo during the fourth quarter valued at approximately $850,000. XTX Topco Ltd purchased a new position in shares of Sylvamo during the fourth quarter worth approximately $594,000. Finally, Mariner LLC lifted its holdings in shares of Sylvamo by 4.4% in the 4th quarter. Mariner LLC now owns 49,379 shares of the company's stock worth $3,902,000 after acquiring an additional 2,098 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

NYSE:SLVM opened at $59.55 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week high of $98.02. The firm has a market cap of $2.42 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The business has a 50 day moving average price of $64.51 and a 200-day moving average price of $76.82.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Equities research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is currently 24.97%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th.

Insiders Place Their Bets

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now 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 the SEC website. Company insiders own 0.74% of the company's stock.

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.

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