Sylvamo Co. (NYSE:SLVM) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 62.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,524 shares of the company's stock after buying an additional 54,172 shares during the period. JPMorgan Chase & Co. owned 0.35% of Sylvamo worth $11,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of Sylvamo by 473.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company's stock worth $1,587,000 after buying an additional 15,247 shares during the last quarter. State Street Corp grew its position in Sylvamo by 0.9% during the third quarter. State Street Corp now owns 1,407,303 shares of the company's stock valued at $120,817,000 after acquiring an additional 12,181 shares during the period. Orion Portfolio Solutions LLC increased its stake in Sylvamo by 5.0% during the third quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company's stock worth $777,000 after acquiring an additional 431 shares during the last quarter. Barclays PLC raised its holdings in shares of Sylvamo by 324.6% in the 3rd quarter. Barclays PLC now owns 62,435 shares of the company's stock worth $5,360,000 after purchasing an additional 47,730 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Sylvamo by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 915,997 shares of the company's stock valued at $78,652,000 after purchasing an additional 27,859 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

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Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value 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. The trade was a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th.

Sylvamo Stock Up 0.3 %

Shares of SLVM traded up $0.21 during midday trading on Tuesday, reaching $60.03. 239,785 shares of the company were exchanged, compared to its average volume of 323,729. 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 1-year low of $54.94 and a 1-year high of $98.02. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 2.23 and a beta of 1.17. The stock has a 50-day moving average price of $66.71 and a 200-day moving average price of $78.12.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is currently 24.97%.

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.