Sanctuary Advisors LLC Has $1.63 Million Stake in Sylvamo Co. (NYSE:SLVM)

Sanctuary Advisors LLC grew its stake in Sylvamo Co. (NYSE:SLVM - Free Report) by 100.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,904 shares of the company's stock after acquiring an additional 8,994 shares during the period. Sanctuary Advisors LLC's holdings in Sylvamo were worth $1,627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC grew its stake in shares of Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company's stock valued at $28,000 after buying an additional 157 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Sylvamo by 534.1% during the 2nd quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $56,000 after purchasing an additional 689 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Sylvamo by 149.3% in the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company's stock valued at $35,000 after purchasing an additional 303 shares during the period. Independence Bank of Kentucky lifted its stake in Sylvamo by 6,733.3% in the 2nd quarter. Independence Bank of Kentucky now owns 410 shares of the company's stock valued at $28,000 after purchasing an additional 404 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in Sylvamo in the 2nd quarter valued at about $247,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Sylvamo Stock Performance

Sylvamo stock traded up $2.01 during trading hours on Friday, hitting $81.09. The company had a trading volume of 2,084,682 shares, compared to its average volume of 316,963. The firm has a 50-day moving average of $87.82 and a 200 day moving average of $79.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The firm has a market cap of $3.33 billion, a PE ratio of 12.61, a PEG ratio of 2.92 and a beta of 1.08. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.18 by $0.26. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. On average, sell-side analysts expect that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, January 6th. Sylvamo's dividend payout ratio is currently 27.99%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SLVM shares. Sidoti assumed coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a "buy" rating and a $100.00 price objective on the stock. Bank of America reissued an "underperform" rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

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.