Sylvamo Co. (NYSE:SLVM) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in shares of Sylvamo Co. (NYSE:SLVM) by 87.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,254 shares of the company’s stock after buying an additional 8,964 shares during the period. Algert Global LLC’s holdings in Sylvamo were worth $1,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Sylvamo by 182.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after purchasing an additional 403 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 201 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after buying an additional 214 shares during the period. Covestor Ltd grew its holdings in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company’s stock worth $62,000 after buying an additional 641 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Down 12.4 %

Shares of NYSE:SLVM opened at $52.72 on Friday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 2.23 and a beta of 1.18. Sylvamo Co. has a fifty-two week low of $51.60 and a fifty-two week high of $98.02. The firm’s 50-day simple moving average is $62.41 and its 200-day simple moving average is $75.12. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is currently 24.97%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

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.