Schweitzer-Mauduit International, Inc. (SWM) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,960 shares of the company’s stock after selling 5,732 shares during the quarter. California State Teachers Retirement System owned 0.18% of Schweitzer-Mauduit International worth $2,009,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Schweitzer-Mauduit International by 7.0% during the 2nd quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock valued at $105,000 after purchasing an additional 184 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Schweitzer-Mauduit International in the 2nd quarter valued at $267,000. Sei Investments Co. increased its holdings in Schweitzer-Mauduit International by 110.3% in the 2nd quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock valued at $271,000 after buying an additional 3,812 shares during the period. Quantbot Technologies LP increased its holdings in Schweitzer-Mauduit International by 61.6% in the 2nd quarter. Quantbot Technologies LP now owns 8,400 shares of the company’s stock valued at $312,000 after buying an additional 3,203 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Schweitzer-Mauduit International by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,210 shares of the company’s stock valued at $343,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 85.94% of the company’s stock.

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Shares of Schweitzer-Mauduit International, Inc. (NYSE SWM) opened at $42.31 on Wednesday. The stock has a market cap of $1,312.12, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29. The company has a quick ratio of 2.05, a current ratio of 3.06 and a debt-to-equity ratio of 1.21. Schweitzer-Mauduit International, Inc. has a fifty-two week low of $36.26 and a fifty-two week high of $47.01.

Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $257.80 million for the quarter, compared to analyst estimates of $238.00 million. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. equities research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s payout ratio is 65.63%.

Separately, DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price target on the stock.

Schweitzer-Mauduit International Company Profile

Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.

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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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