Sylvamo Co. (NYSE:SLVM) CEO Sells $1,384,225.00 in Stock

Sylvamo Co. (NYSE:SLVM - Get Free Report) CEO Jeanmichel Ribieras sold 21,250 shares of the business's 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 completion of the transaction, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This represents a 13.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jeanmichel Ribieras also recently made the following trade(s):

• On Monday, March 10th, Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50.

Sylvamo Trading Down 1.0 %

Shares of SLVM traded down $0.69 during mid-day trading on Friday, reaching $65.13. The company's stock had a trading volume of 3,665,304 shares, compared to its average volume of 306,017. The stock has a market cap of $2.64 billion, a PE ratio of 9.03, a P/E/G ratio of 2.23 and a beta of 1.15. 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 $56.35 and a 52 week high of $98.02. The company's fifty day moving average price is $73.03 and its two-hundred day moving average price is $80.29.

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Sylvamo (NYSE:SLVM - Get Free Report) last announced 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%. On average, analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. Sylvamo's dividend payout ratio is currently 24.97%.

Institutional Investors Weigh In On Sylvamo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Sylvamo by 11.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company's stock valued at $360,000 after buying an additional 481 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Sylvamo during the 4th quarter valued at $2,428,000. Jefferies Financial Group Inc. bought a new stake in Sylvamo during the 4th quarter valued at $4,752,000. Polar Asset Management Partners Inc. raised its holdings in Sylvamo by 4.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 36,300 shares of the company's stock valued at $2,868,000 after buying an additional 1,600 shares during the last quarter. Finally, Vise Technologies Inc. raised its holdings in Sylvamo by 7.7% in the 4th quarter. Vise Technologies Inc. now owns 8,447 shares of the company's stock worth $667,000 after purchasing an additional 607 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.