Wells Fargo & Company MN Has $2.63 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Wells Fargo & Company MN raised its stake in Sylvamo Co. (NYSE:SLVM - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,278 shares of the company's stock after purchasing an additional 4,394 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Sylvamo worth $2,630,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SLVM. ExodusPoint Capital Management LP purchased a new position in shares of Sylvamo in the 4th quarter valued at $1,891,000. Massachusetts Financial Services Co. MA raised its position in Sylvamo by 13.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,352 shares of the company's stock valued at $3,189,000 after purchasing an additional 4,868 shares during the period. Geode Capital Management LLC lifted its position in Sylvamo by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock worth $73,011,000 after acquiring an additional 7,795 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Sylvamo by 61.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 53,532 shares of the company's stock worth $4,230,000 after purchasing an additional 20,275 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Sylvamo by 14.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 10,313 shares of the company's stock valued at $815,000 after buying an additional 1,267 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

Shares of NYSE:SLVM traded up $0.47 on Tuesday, reaching $60.70. 74,429 shares of the company's stock were exchanged, compared to its average volume of 326,107. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The business's 50-day moving average is $64.29 and its two-hundred day moving average is $76.65. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week high of $98.02. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 2.23 and a beta of 1.17.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.97%. Sylvamo's payout ratio is 24.97%.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction 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 sale, the chief executive officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.