Sylvamo Co. (NYSE:SLVM) Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its stake in Sylvamo Co. (NYSE:SLVM - Free Report) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 375,231 shares of the company's stock after purchasing an additional 80,895 shares during the period. Invesco Ltd. owned 0.91% of Sylvamo worth $29,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of Sylvamo by 10.3% in the 4th quarter. Bank of Montreal Can now owns 6,304 shares of the company's stock worth $498,000 after buying an additional 587 shares during the last quarter. Federated Hermes Inc. boosted its stake in Sylvamo by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 51,264 shares of the company's stock valued at $4,051,000 after acquiring an additional 956 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Sylvamo by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 33,278 shares of the company's stock worth $2,630,000 after purchasing an additional 4,394 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Sylvamo during the fourth quarter worth $1,891,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Sylvamo by 13.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,352 shares of the company's stock valued at $3,189,000 after purchasing an additional 4,868 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their target price 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.

Sylvamo Stock Performance

Sylvamo stock traded up $0.53 during mid-day trading on Wednesday, reaching $60.33. 28,742 shares of the company traded hands, compared to its average volume of 371,577. The firm's fifty day moving average is $65.26 and its two-hundred day moving average is $77.32. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week 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 released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (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, equities research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Sylvamo's payout ratio is 24.97%.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm'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 completion of the transaction, the chief executive officer now owns 131,894 shares of the company's stock, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.74% of the company's stock.

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.