Vest Financial LLC Raises Stock Position in Sylvamo Co. (NYSE:SLVM)

Vest Financial LLC increased its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,537 shares of the company's stock after acquiring an additional 13,086 shares during the period. Vest Financial LLC owned about 0.07% of Sylvamo worth $2,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SLVM. Pacer Advisors Inc. grew its position in shares of Sylvamo by 83,084.0% in the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company's stock valued at $197,815,000 after purchasing an additional 2,301,427 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Sylvamo by 6,693.0% during the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company's stock valued at $5,931,000 after buying an additional 68,068 shares in the last quarter. Barclays PLC increased its position in shares of Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company's stock valued at $5,360,000 after buying an additional 47,730 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sylvamo in the third quarter worth about $3,046,000. Finally, Creative Planning lifted its holdings in shares of Sylvamo by 430.8% in the third quarter. Creative Planning now owns 41,017 shares of the company's stock worth $3,521,000 after buying an additional 33,289 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SLVM. Sidoti assumed coverage on Sylvamo in a research report on Tuesday, October 15th. They issued a "buy" rating and a $100.00 target price for the company. Bank of America reissued an "underperform" rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Price Performance

Shares of Sylvamo stock traded down $5.60 during trading hours on Wednesday, reaching $70.52. The company's stock had a trading volume of 512,674 shares, compared to its average volume of 259,135. The firm has a 50 day moving average price of $81.11 and a 200-day moving average price of $81.61. 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 stock has a market cap of $2.89 billion, a P/E ratio of 10.97, a P/E/G ratio of 2.22 and a beta of 1.12. 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 released its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. On average, analysts predict that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Monday, January 6th. Sylvamo's dividend payout ratio (DPR) is currently 27.99%.

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.