Y Intercept Hong Kong Ltd Takes Position in Sylvamo Co. (NYSE:SLVM)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,287 shares of the company's stock, valued at approximately $971,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased 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 acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company's stock worth $38,000 after purchasing an additional 239 shares during the last quarter. Wedmont Private Capital raised its position in shares of Sylvamo by 7.9% during the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock worth $281,000 after purchasing an additional 273 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company's stock valued at $363,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Wall Street Analyst Weigh In

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

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Sylvamo Trading Down 2.9 %

SLVM traded down $2.08 during trading on Monday, hitting $69.02. The company's stock had a trading volume of 341,210 shares, compared to its average volume of 302,888. Sylvamo Co. has a twelve month low of $56.20 and a twelve month high of $98.02. The firm's 50 day moving average price is $76.86 and its 200-day moving average price is $81.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market cap of $2.80 billion, a PE ratio of 9.57, a PEG ratio of 2.23 and a beta of 1.12.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. On average, analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is 24.97%.

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.