Los Angeles Capital Management LLC Reduces Stake in Sylvamo Co. (NYSE:SLVM)

Los Angeles Capital Management LLC lessened its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,794 shares of the company's stock after selling 4,249 shares during the quarter. Los Angeles Capital Management LLC's holdings in Sylvamo were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp boosted its position in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC increased its stake in shares of Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after purchasing an additional 772 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sylvamo during the 3rd quarter valued at $82,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Sylvamo by 277.9% during the 4th quarter. Fortitude Family Office LLC now owns 1,678 shares of the company's stock valued at $133,000 after buying an additional 1,234 shares in the last quarter. Institutional investors own 91.16% of the company's stock.

Sylvamo Price Performance

Shares of NYSE:SLVM traded down $0.63 during midday trading on Tuesday, reaching $68.51. 148,128 shares of the company were exchanged, compared to its average volume of 301,978. The stock has a market cap of $2.78 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. Sylvamo Co. has a one year low of $56.20 and a one year high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The business's fifty day moving average is $76.61 and its two-hundred day moving average is $81.43.

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Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. As a group, analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, April 8th. Sylvamo's payout ratio is 24.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLVM. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Bank of America reiterated an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Company 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.