Empowered Funds LLC Makes New $1.20 Million Investment in Sylvamo Co. (NYSE:SLVM)

Empowered Funds LLC acquired a new position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,173 shares of the company's stock, valued at approximately $1,199,000.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company's stock valued at $38,000 after buying an additional 239 shares during the period. Wedmont Private Capital lifted its holdings in Sylvamo by 7.9% in the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock valued at $281,000 after buying an additional 273 shares during the period. Finally, Highland Capital Management LLC lifted its holdings in Sylvamo by 9.6% in the third quarter. Highland Capital Management LLC now owns 3,950 shares of the company's stock valued at $339,000 after buying an additional 347 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SLVM shares. Bank of America restated an "underperform" rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut 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.

Sylvamo Stock Down 2.1 %

Shares of SLVM stock traded down $1.50 during trading hours on Thursday, hitting $69.76. 364,201 shares of the company were exchanged, compared to its average volume of 274,738. The business has a 50 day moving average of $78.93 and a two-hundred day moving average of $81.49. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 52 week low of $54.59 and a 52 week high of $98.02. The company has a market capitalization of $2.86 billion, a PE ratio of 9.68, a PEG ratio of 2.33 and a beta of 1.12.

Sylvamo (NYSE:SLVM - Get Free Report) last issued 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 net margin of 7.96% and a return on equity of 34.72%. Analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is currently 24.97%.

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.