KLP Kapitalforvaltning AS purchased a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,500 shares of the company's stock, valued at approximately $830,000.
Several other institutional investors and hedge funds also recently modified their holdings of SLVM. State Street Corp lifted its stake in Sylvamo by 0.9% in the 3rd 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 in the last quarter. American Century Companies Inc. lifted its position in shares of Sylvamo by 15.2% in the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after purchasing an additional 134,066 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sylvamo by 3.1% during the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company's stock worth $78,652,000 after purchasing an additional 27,859 shares during the last quarter. FMR LLC grew its position in Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company's stock valued at $62,189,000 after purchasing an additional 30,345 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Sylvamo by 16.6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock valued at $40,139,000 after buying an additional 72,226 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
Sylvamo Stock Performance
NYSE SLVM traded down $3.34 during trading on Friday, reaching $59.08. 348,756 shares of the company's stock were exchanged, compared to its average volume of 325,466. The business has a 50 day moving average price of $70.28 and a 200-day moving average price of $79.61. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market capitalization of $2.40 billion, a P/E ratio of 8.19, a PEG ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02.
Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Sell-side analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.
Sylvamo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.05%. Sylvamo's dividend payout ratio is presently 24.97%.
Insider Buying and Selling at Sylvamo
In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction dated 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 in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Bank of America reissued an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.
Check Out Our Latest Stock Report on Sylvamo
Sylvamo Profile
(
Free Report)
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.
Further Reading
Before you consider Sylvamo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sylvamo wasn't on the list.
While Sylvamo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
