ExodusPoint Capital Management LP Acquires Shares of 23,925 Sylvamo Co. (NYSE:SLVM)

ExodusPoint Capital Management LP purchased a new stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 23,925 shares of the company's stock, valued at approximately $1,891,000. ExodusPoint Capital Management LP owned approximately 0.06% of Sylvamo as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of Sylvamo by 15.2% in the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock valued at $80,289,000 after buying an additional 134,066 shares in the last quarter. Norges Bank purchased a new stake in shares of Sylvamo during the fourth quarter valued at $6,505,000. Allianz Asset Management GmbH boosted its position in shares of Sylvamo by 16.6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock valued at $40,139,000 after purchasing an additional 72,226 shares during the period. JPMorgan Chase & Co. increased its stake in Sylvamo by 62.0% in the 4th quarter. JPMorgan Chase & Co. now owns 141,524 shares of the company's stock worth $11,183,000 after purchasing an additional 54,172 shares in the last quarter. Finally, Barclays PLC raised its holdings in Sylvamo by 324.6% during the 3rd quarter. Barclays PLC now owns 62,435 shares of the company's stock worth $5,360,000 after buying an additional 47,730 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on 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 Up 0.8 %

Shares of SLVM stock traded up $0.48 on Monday, hitting $60.69. The company's stock had a trading volume of 27,986 shares, compared to its average volume of 323,594. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week high of $98.02. The firm's fifty day moving average price is $67.45 and its 200-day moving average price is $78.42. 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. Research analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's payout ratio is currently 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.