Sylvamo Co. (NYSE:SLVM) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Sylvamo Co. (NYSE:SLVM) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 403,900 shares of the company’s stock after purchasing an additional 25,934 shares during the period. Northern Trust Corp’s holdings in Sylvamo were worth $31,916,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after buying an additional 403 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the period. Covestor Ltd increased its stake in Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company’s stock valued at $62,000 after purchasing an additional 641 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Sylvamo by 80.2% during the fourth quarter. KBC Group NV now owns 1,836 shares of the company’s stock worth $145,000 after purchasing an additional 817 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 report on Thursday, February 13th.

Sylvamo Trading Down 12.4 %

Shares of NYSE SLVM opened at $52.72 on Friday. Sylvamo Co. has a 12-month low of $51.60 and a 12-month high of $98.02. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $62.41 and its 200 day simple moving average is $75.06.

Sylvamo (NYSE:SLVM) last announced its quarterly 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 net margin of 7.96% and a return on equity of 34.72%. The firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same period last year, the firm posted $1.07 EPS. The business’s revenue was down 9.3% compared to the same quarter last year. Equities research analysts expect that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.41%. Sylvamo’s payout ratio is currently 26.32%.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred 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 directly owns 131,894 shares in the company, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

Sylvamo 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.