Skandinaviska Enskilda Banken AB publ Sells 35,867 Shares of Sylvamo Co. (NYSE:SLVM)

Skandinaviska Enskilda Banken AB publ cut its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 60.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,840 shares of the company's stock after selling 35,867 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Sylvamo worth $1,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after acquiring an additional 403 shares in the last quarter. GAMMA Investing LLC raised its position in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp raised its position in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after acquiring an additional 214 shares in the last quarter. LRI Investments LLC increased its stake in Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company's stock worth $66,000 after purchasing an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Sylvamo in the 3rd quarter worth about $82,000. 91.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SLVM has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on 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 reissued an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

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Insider Buying and Selling at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the sale, the chief executive officer now owns 153,144 shares of the company's stock, valued at approximately $10,035,526.32. The trade was a 12.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.75% of the company's stock.

Sylvamo Trading Up 0.4 %

SLVM traded up $0.28 during trading on Tuesday, reaching $65.89. The company had a trading volume of 159,607 shares, compared to its average volume of 295,967. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo Co. has a 12-month low of $56.20 and a 12-month high of $98.02. The firm's 50-day simple moving average is $73.88 and its 200 day simple moving average is $80.65. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. Equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.73%. Sylvamo's dividend payout ratio (DPR) 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.