Sei Investments Co. Has $2.46 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Sei Investments Co. decreased its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 32.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,144 shares of the company's stock after selling 14,908 shares during the period. Sei Investments Co. owned approximately 0.08% of Sylvamo worth $2,461,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after buying an additional 403 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after purchasing an additional 214 shares in the last quarter. LRI Investments LLC lifted its stake in Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company's stock valued at $66,000 after buying an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sylvamo during the third quarter worth approximately $82,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SLVM. Royal Bank of Canada lowered 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 report on Thursday, February 13th. Bank of America restated an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

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Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred 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 directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Sylvamo Trading Up 10.9 %

Shares of Sylvamo stock traded up $6.09 during trading on Wednesday, hitting $62.08. The stock had a trading volume of 447,001 shares, compared to its average volume of 325,902. The stock has a 50 day simple moving average of $68.16 and a 200 day simple moving average of $78.80. The company has a market capitalization of $2.52 billion, a PE ratio of 8.61, a P/E/G ratio of 2.23 and a beta of 1.17. 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 $54.91 and a 1 year high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating 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%. On average, research analysts expect that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.90%. Sylvamo's payout ratio is presently 24.97%.

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.