Teacher Retirement System of Texas Has $5.39 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Teacher Retirement System of Texas trimmed its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,185 shares of the company's stock after selling 16,127 shares during the period. Teacher Retirement System of Texas owned 0.17% of Sylvamo worth $5,388,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SLVM. Allianz Asset Management GmbH increased its holdings in shares of Sylvamo by 16.6% in the fourth quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock valued at $40,139,000 after purchasing an additional 72,226 shares during the last quarter. Barclays PLC lifted its holdings in Sylvamo by 324.6% during the 3rd quarter. Barclays PLC now owns 62,435 shares of the company's stock worth $5,360,000 after purchasing an additional 47,730 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Sylvamo in the 4th quarter worth about $3,632,000. Massachusetts Financial Services Co. MA bought a new position in Sylvamo during the 3rd quarter worth $3,046,000. Finally, FMR LLC lifted its position in Sylvamo by 4.4% during the third quarter. FMR LLC now owns 724,391 shares of the company's stock worth $62,189,000 after purchasing an additional 30,345 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Trading Down 0.5 %

NYSE SLVM traded down $0.30 on Thursday, reaching $66.91. The company had a trading volume of 248,472 shares, compared to its average volume of 306,439. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 2.23 and a beta of 1.15. 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 Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02. The business has a 50 day moving average of $72.33 and a two-hundred day moving average of $80.12.

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Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut 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. Bank of America restated an "underperform" rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

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.