Proficio Capital Partners LLC Takes $1.29 Million Position in Sylvamo Co. (NYSE:SLVM)

Proficio Capital Partners LLC acquired a new stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,278 shares of the company's stock, valued at approximately $1,286,000.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Sylvamo in the third quarter worth approximately $760,000. Intech Investment Management LLC purchased a new stake in Sylvamo in the third quarter worth $1,633,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Sylvamo during the third quarter worth $3,046,000. Pacer Advisors Inc. boosted its stake in shares of Sylvamo by 83,084.0% during the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company's stock valued at $197,815,000 after purchasing an additional 2,301,427 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company's stock worth $3,994,000 after purchasing an additional 18,657 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Insider Activity

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.53, for a total value of $1,392,512.50. Following the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

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Sylvamo Stock Up 1.3 %

NYSE:SLVM traded up $0.85 during mid-day trading on Monday, reaching $66.21. The company's stock had a trading volume of 553,905 shares, compared to its average volume of 307,008. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 1 year low of $56.35 and a 1 year high of $98.02. The stock has a fifty day moving average of $73.03 and a 200-day moving average of $80.33. The firm has a market capitalization of $2.68 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.72%. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of 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 reaffirmed an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

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.