Raymond James Financial Inc. bought a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,969 shares of the company's stock, valued at approximately $3,632,000. Raymond James Financial Inc. owned about 0.11% of Sylvamo as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after buying an additional 201 shares during the period. Fifth Third Bancorp raised its stake in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after acquiring an additional 214 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after purchasing an additional 218 shares during the last quarter. Wedmont Private Capital boosted its position in Sylvamo by 7.9% during the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock worth $281,000 after purchasing an additional 273 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in Sylvamo by 7.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company's stock worth $363,000 after purchasing an additional 300 shares during the period. Institutional investors own 91.16% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on SLVM shares. Royal Bank of Canada decreased their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Bank of America reaffirmed an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.
Get Our Latest Stock Report on Sylvamo
Insider Buying and Selling
In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.
Sylvamo Price Performance
SLVM traded down $0.01 during trading on Monday, hitting $67.19. 414,076 shares of the stock traded hands, compared to its average volume of 324,863. The business has a 50 day moving average price of $71.65 and a 200 day moving average price of $80.01. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a twelve month low of $56.35 and a twelve month 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 announced its quarterly earnings data 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 return on equity of 34.72% and a net margin of 7.96%. Equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.
Sylvamo Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.
Sylvamo Profile
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Free Report)
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.
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