Janney Montgomery Scott LLC Has $2.72 Million Position in Sylvamo Co. (NYSE:SLVM)

Janney Montgomery Scott LLC decreased its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,359 shares of the company's stock after selling 3,146 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Sylvamo worth $2,715,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Sylvamo by 83,084.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company's stock worth $197,815,000 after purchasing an additional 2,301,427 shares during the period. State Street Corp increased its holdings in Sylvamo by 0.9% during the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company's stock valued at $120,817,000 after purchasing an additional 12,181 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sylvamo by 3.1% in the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company's stock valued at $78,652,000 after buying an additional 27,859 shares during the last quarter. FMR LLC raised its stake in shares of Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company's stock worth $62,189,000 after acquiring an additional 30,345 shares during the last quarter. Finally, Millennium Management LLC raised its position in Sylvamo by 10.0% in the 2nd quarter. Millennium Management LLC now owns 345,944 shares of the company's stock worth $23,732,000 after purchasing an additional 31,360 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Down 1.2 %

SLVM traded down $0.94 during trading hours on Tuesday, hitting $76.89. 171,719 shares of the company's stock were exchanged, compared to its average volume of 264,128. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.27 and a beta of 1.12. The stock's 50-day moving average is $82.94 and its two-hundred day moving average is $81.43. 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 Co. has a 1-year low of $44.94 and a 1-year high of $98.02.

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 analysts' consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $960.47 million. During the same quarter last year, the company posted $1.70 earnings per share. Sylvamo's quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo's payout ratio is 27.99%.

Wall Street Analysts Forecast Growth

SLVM has been the topic of a number of research reports. Sidoti began coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a "buy" rating and a $100.00 target price on the stock. Bank of America reiterated an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

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.