Edgestream Partners L.P. Buys New Position in Sylvamo Co. (NYSE:SLVM)

Edgestream Partners L.P. purchased a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,926 shares of the company's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLVM. Tidal Investments LLC grew its holdings in Sylvamo by 150.9% in the third quarter. Tidal Investments LLC now owns 22,469 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,512 shares during the last quarter. HighTower Advisors LLC grew its stake in Sylvamo by 473.5% in the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company's stock valued at $1,587,000 after acquiring an additional 15,247 shares during the last quarter. Citigroup Inc. increased its holdings in Sylvamo by 67.0% during the 3rd quarter. Citigroup Inc. now owns 46,518 shares of the company's stock valued at $3,994,000 after acquiring an additional 18,657 shares in the last quarter. GAMMA Investing LLC raised its position in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after acquiring an additional 201 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Sylvamo in the third quarter valued at about $1,633,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Bank of America reissued an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th.

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Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at $10,035,526.32. This represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Sylvamo Trading Down 2.1 %

NYSE:SLVM traded down $1.33 on Thursday, reaching $63.57. The stock had a trading volume of 263,659 shares, compared to its average volume of 312,255. Sylvamo Co. has a 12-month low of $56.20 and a 12-month high of $98.02. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 2.23 and a beta of 1.15. The firm's fifty day moving average is $74.75 and its two-hundred day moving average is $80.91. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.94 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%. Equities analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.83%. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Sylvamo 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.