Abacus FCF Advisors LLC Has $3.03 Million Position in Sylvamo Co. (NYSE:SLVM)

Abacus FCF Advisors LLC boosted its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,354 shares of the company's stock after acquiring an additional 12,152 shares during the quarter. Abacus FCF Advisors LLC owned 0.09% of Sylvamo worth $3,031,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC boosted its stake in shares of Sylvamo by 182.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp boosted its position 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 buying an additional 214 shares in the last quarter. LRI Investments LLC boosted its position 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sylvamo during the third quarter worth about $82,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Sylvamo Price Performance

Shares of Sylvamo stock traded up $1.42 during trading on Friday, reaching $60.33. The company's stock had a trading volume of 307,585 shares, compared to its average volume of 324,760. The stock has a 50-day moving average price of $67.45 and a two-hundred day moving average price of $78.42. The stock has a market capitalization of $2.46 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a one year low of $54.94 and a one year high of $98.02.

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Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.96% and a return on equity of 34.72%. As a group, sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company 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. This represents a $1.80 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Sylvamo's dividend payout ratio is 24.97%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their target price on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This represents a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.

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.