International Assets Investment Management LLC Has $5.93 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

International Assets Investment Management LLC grew its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 6,693.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,085 shares of the company's stock after acquiring an additional 68,068 shares during the quarter. International Assets Investment Management LLC owned about 0.17% of Sylvamo worth $5,931,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC increased its stake in shares of Sylvamo by 62.5% during the second quarter. CWM LLC now owns 408 shares of the company's stock valued at $28,000 after acquiring an additional 157 shares during the period. Independence Bank of Kentucky lifted its holdings in shares of Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company's stock valued at $28,000 after buying an additional 404 shares during the period. Fifth Third Bancorp boosted its stake in Sylvamo by 149.3% during the second quarter. Fifth Third Bancorp now owns 506 shares of the company's stock valued at $35,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC raised its position in Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company's stock worth $40,000 after acquiring an additional 171 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Sylvamo in the first quarter worth about $45,000. Institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SLVM. Royal Bank of Canada increased their target price on shares of Sylvamo from $63.00 to $71.00 and gave the company a "sector perform" rating in a research note on Monday, August 12th. Sidoti started coverage on Sylvamo in a research note on Tuesday, October 15th. They set a "buy" rating and a $100.00 price objective for the company. Finally, Bank of America boosted their target price on Sylvamo from $82.00 to $88.00 and gave the stock a "neutral" rating in a research report on Monday, September 23rd.

Sylvamo Stock Down 0.0 %

SLVM stock traded down $0.02 during trading hours on Friday, hitting $85.00. The company's stock had a trading volume of 151,660 shares, compared to its average volume of 315,281. The stock has a 50 day moving average price of $81.46 and a two-hundred day moving average price of $73.31. Sylvamo Co. has a 12 month low of $43.94 and a 12 month high of $88.42. The company has a market capitalization of $3.49 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 4.57 and a beta of 1.08. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 1.08.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.40. The company 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 business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. On average, equities research analysts expect that Sylvamo Co. will post 7.4 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a $0.45 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. Sylvamo's payout ratio is 32.55%.

About Sylvamo

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.