US Bancorp DE Lowers Holdings in Sylvamo Co. (NYSE:SLVM)

US Bancorp DE cut its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 88.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 705 shares of the company's stock after selling 5,443 shares during the quarter. US Bancorp DE's holdings in Sylvamo were worth $56,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SLVM. GAMMA Investing LLC lifted its holdings in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp lifted its holdings 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 acquiring an additional 214 shares during the period. LRI Investments LLC lifted its holdings 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 acquiring an additional 772 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo in the third quarter valued at $82,000. Finally, Fortitude Family Office LLC lifted its holdings in Sylvamo by 277.9% in the fourth quarter. Fortitude Family Office LLC now owns 1,678 shares of the company's stock valued at $133,000 after acquiring an additional 1,234 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Bank of America reissued an "underperform" rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th.

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Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Sylvamo Price Performance

Shares of SLVM stock traded down $0.69 during mid-day trading on Friday, reaching $65.13. The stock had a trading volume of 3,665,304 shares, compared to its average volume of 305,779. Sylvamo Co. has a 12-month low of $56.35 and a 12-month high of $98.02. The company has a market cap of $2.64 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The business has a 50-day simple moving average of $73.03 and a 200 day simple moving average of $80.26. 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 (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio is presently 24.97%.

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.