16,278 Shares in Sylvamo Co. (NYSE:SLVM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,278 shares of the company's stock, valued at approximately $1,286,000.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Sylvamo during the 3rd quarter valued at $234,000. Janney Montgomery Scott LLC raised its position in Sylvamo by 724.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company's stock worth $3,220,000 after purchasing an additional 32,954 shares during the last quarter. Summit Global Investments boosted its position in Sylvamo by 13.6% in the 3rd quarter. Summit Global Investments now owns 19,374 shares of the company's stock valued at $1,663,000 after buying an additional 2,319 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Sylvamo in the 3rd quarter valued at $346,000. Finally, Assetmark Inc. raised its position in shares of Sylvamo by 9.3% during the third quarter. Assetmark Inc. now owns 25,966 shares of the company's stock worth $2,229,000 after acquiring an additional 2,213 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on SLVM shares. 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. Royal Bank of Canada reduced their target price on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th.

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Sylvamo Trading Up 2.5 %

SLVM traded up $1.64 during mid-day trading on Tuesday, hitting $66.84. The stock had a trading volume of 351,211 shares, compared to its average volume of 311,769. The stock's fifty day simple moving average is $75.27 and its 200-day simple moving average is $81.10. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 1-year low of $56.20 and a 1-year high of $98.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping the consensus estimate 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, research analysts forecast that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared 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 2.69%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's payout ratio is currently 24.97%.

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.