Foster & Motley Inc. Acquires 12,411 Shares of Sylvamo Co. (NYSE:SLVM)

Foster & Motley Inc. increased its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 108.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,850 shares of the company's stock after acquiring an additional 12,411 shares during the period. Foster & Motley Inc. owned approximately 0.06% of Sylvamo worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SLVM. KBC Group NV increased its holdings in shares of Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock worth $145,000 after purchasing an additional 817 shares during the period. Blue Trust Inc. grew its position in Sylvamo by 224.6% during the fourth quarter. Blue Trust Inc. now owns 11,284 shares of the company's stock worth $969,000 after buying an additional 7,808 shares in the last quarter. Fifth Third Bancorp increased its stake in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after acquiring an additional 214 shares during the last quarter. CX Institutional raised its holdings in shares of Sylvamo by 2.0% in the 4th quarter. CX Institutional now owns 19,385 shares of the company's stock valued at $1,532,000 after acquiring an additional 386 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Sylvamo by 277.6% during the 4th quarter. SG Americas Securities LLC now owns 21,105 shares of the company's stock valued at $1,668,000 after acquiring an additional 15,516 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SLVM. Bank of America reaffirmed an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a "buy" rating and a $100.00 price objective on the stock.

Sylvamo Price Performance

Shares of NYSE SLVM traded down $2.42 during trading hours on Monday, reaching $77.69. 103,934 shares of the stock traded hands, compared to its average volume of 262,949. The company's 50-day simple moving average is $83.29 and its two-hundred day simple moving average is $81.38. The company has a market capitalization of $3.19 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.12. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. During the same period last year, the firm posted $1.70 earnings per share. The business's revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.32%. Sylvamo's payout ratio is 27.99%.

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.