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

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 60.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,840 shares of the company's stock after selling 35,867 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Sylvamo worth $1,873,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vestcor Inc bought a new stake in Sylvamo during the fourth quarter worth about $246,000. Swiss National Bank lifted its stake in Sylvamo by 0.4% during the fourth quarter. Swiss National Bank now owns 68,500 shares of the company's stock worth $5,413,000 after purchasing an additional 300 shares during the last quarter. HighTower Advisors LLC lifted its stake in Sylvamo by 5.4% during the fourth quarter. HighTower Advisors LLC now owns 19,473 shares of the company's stock worth $1,539,000 after purchasing an additional 1,006 shares during the last quarter. Amundi lifted its stake in Sylvamo by 171.6% during the fourth quarter. Amundi now owns 19,009 shares of the company's stock worth $1,470,000 after purchasing an additional 12,009 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Sylvamo during the fourth quarter worth about $547,000. Institutional investors own 91.16% of the company's stock.

Sylvamo Trading Down 1.3 %

Shares of NYSE SLVM traded down $0.85 during midday trading on Thursday, reaching $65.65. The company had a trading volume of 345,945 shares, compared to its average volume of 295,734. Sylvamo Co. has a one year low of $56.35 and a one year high of $98.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The firm's fifty day moving average price is $73.46 and its 200-day moving average price is $80.46. The stock has a market cap of $2.66 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Remove Ads

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

Sylvamo Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.74%. Sylvamo's dividend payout ratio (DPR) is 24.97%.

Insiders Place Their Bets

In other 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 sale, the chief executive officer now directly owns 153,144 shares of the company's stock, valued at $10,035,526.32. The trade was a 12.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SLVM. 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. Royal Bank of Canada lowered their target price on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th.

Sylvamo Company 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.