Geode Capital Management LLC boosted its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 923,792 shares of the company's stock after buying an additional 7,795 shares during the quarter. Geode Capital Management LLC owned approximately 2.25% of Sylvamo worth $73,011,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after acquiring an additional 403 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares during the period. Fifth Third Bancorp raised 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 valued at $58,000 after buying an additional 214 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo during the third quarter valued at about $82,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Sylvamo by 277.9% in the fourth quarter. Fortitude Family Office LLC now owns 1,678 shares of the company's stock valued at $133,000 after buying an additional 1,234 shares during the period. Institutional investors own 91.16% of the company's stock.
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 research note on Thursday, February 13th.
Check Out Our Latest Stock Analysis on SLVM
Sylvamo Price Performance
Shares of SLVM stock traded up $0.21 during mid-day trading on Tuesday, reaching $60.03. The company's stock had a trading volume of 239,785 shares, compared to its average volume of 324,328. The firm's 50-day moving average is $67.08 and its two-hundred day moving average is $78.25. The company has a market cap of $2.44 billion, a P/E ratio of 8.33, a PEG ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a 1-year low of $54.94 and a 1-year high of $98.02. 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 (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.
Sylvamo Dividend Announcement
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 given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.00%. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.
Insider Activity at Sylvamo
In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.
Sylvamo Company Profile
(
Free Report)
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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