Janney Montgomery Scott LLC Increases Position in Sylvamo Co. (NYSE:SLVM)

Janney Montgomery Scott LLC boosted its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 724.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,505 shares of the company's stock after buying an additional 32,954 shares during the period. Janney Montgomery Scott LLC owned 0.09% of Sylvamo worth $3,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company's stock worth $174,771,000 after acquiring an additional 138,655 shares during the last quarter. Simplicity Wealth LLC boosted its position in shares of Sylvamo by 105.7% during the second quarter. Simplicity Wealth LLC now owns 14,192 shares of the company's stock valued at $974,000 after buying an additional 7,291 shares during the period. Concurrent Investment Advisors LLC bought a new position in Sylvamo in the 1st quarter valued at $586,000. Jupiter Asset Management Ltd. grew its holdings in shares of Sylvamo by 30.2% in the first quarter. Jupiter Asset Management Ltd. now owns 123,993 shares of the company's stock worth $7,655,000 after purchasing an additional 28,763 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Sylvamo by 33.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,156 shares of the company's stock worth $2,104,000 after acquiring an additional 8,503 shares in the last quarter. 91.16% of the stock is owned by institutional investors.

Sylvamo Stock Down 0.3 %

Shares of NYSE:SLVM traded down $0.25 on Monday, reaching $95.44. The company had a trading volume of 315,028 shares, compared to its average volume of 313,549. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $3.91 billion, a PE ratio of 17.30, a PEG ratio of 5.11 and a beta of 1.08. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The firm's 50 day simple moving average is $82.88 and its 200-day simple moving average is $74.82.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.40. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $937.56 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that Sylvamo Co. will post 7.4 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.89%. Sylvamo's payout ratio is 32.55%.

Analyst Ratings Changes

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

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.