Sylvamo Co. (NYSE:SLVM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,568 shares of the company's stock after buying an additional 5,890 shares during the period. Allspring Global Investments Holdings LLC owned about 0.25% of Sylvamo worth $8,977,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sylvamo by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company's stock valued at $174,771,000 after purchasing an additional 138,655 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sylvamo by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company's stock worth $90,276,000 after acquiring an additional 62,157 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Sylvamo during the 2nd quarter valued at $62,101,000. American Century Companies Inc. increased its stake in shares of Sylvamo by 53.2% in the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company's stock worth $45,479,000 after purchasing an additional 230,291 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sylvamo by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 483,621 shares of the company's stock worth $33,176,000 after purchasing an additional 1,779 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Sylvamo from $63.00 to $71.00 and gave the company a "sector perform" rating in a research note on Monday, August 12th. Bank of America upped their price target on shares of Sylvamo from $82.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd. Finally, Sidoti assumed coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a "buy" rating and a $100.00 price objective on the stock.

Sylvamo Trading Down 2.1 %

SLVM stock traded down $1.80 during mid-day trading on Friday, reaching $85.18. The company had a trading volume of 198,473 shares, compared to its average volume of 317,611. The firm has a 50 day moving average of $80.77 and a 200 day moving average of $72.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. Sylvamo Co. has a 12 month low of $42.03 and a 12 month high of $88.42. The company has a market capitalization of $3.50 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 4.49 and a beta of 1.08.

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

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. Sylvamo's dividend payout ratio (DPR) is currently 38.38%.

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.