Jacobs Levy Equity Management Inc. Reduces Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Jacobs Levy Equity Management Inc. cut its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 30.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,728 shares of the company's stock after selling 107,356 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.58% of Sylvamo worth $20,581,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SLVM. Pacer Advisors Inc. boosted its position in Sylvamo by 83,084.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company's stock valued at $197,815,000 after buying an additional 2,301,427 shares during the period. Dimensional Fund Advisors LP boosted its position in Sylvamo by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company's stock valued at $90,276,000 after buying an additional 62,157 shares during the period. SG Americas Securities LLC purchased a new stake in Sylvamo in the 2nd quarter valued at about $62,101,000. FMR LLC boosted its position in Sylvamo by 4.4% in the 3rd quarter. FMR LLC now owns 724,391 shares of the company's stock valued at $62,189,000 after buying an additional 30,345 shares during the period. Finally, American Century Companies Inc. boosted its position in Sylvamo by 53.2% in the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company's stock valued at $45,479,000 after buying an additional 230,291 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Down 0.5 %

Shares of SLVM traded down $0.45 during mid-day trading on Thursday, hitting $89.13. The company's stock had a trading volume of 170,583 shares, compared to its average volume of 311,269. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.86 and a beta of 1.08. The company's 50-day moving average is $87.02 and its 200-day moving average is $77.82. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. Sylvamo's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 EPS. On average, equities research analysts forecast that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. Sylvamo's dividend payout ratio (DPR) is presently 27.99%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SLVM. Royal Bank of Canada boosted their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the company a "sector perform" rating in a research report on Monday, August 12th. Bank of America upped their price target on shares of Sylvamo from $82.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Finally, Sidoti began coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They issued a "buy" rating and a $100.00 price target for the company.

About Sylvamo

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.