Life Cycle Investment Partners Ltd Acquires Shares of 279,088 Sylvamo Corporation $SLVM

Life Cycle Investment Partners Ltd acquired a new stake in shares of Sylvamo Corporation (NYSE:SLVM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 279,088 shares of the company’s stock, valued at approximately $13,438,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Sylvamo by 16.4% during the fourth quarter. Covestor Ltd now owns 5,184 shares of the company’s stock valued at $249,000 after purchasing an additional 731 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Sylvamo by 20,271.4% in the 4th quarter. Larson Financial Group LLC now owns 2,852 shares of the company’s stock worth $137,000 after acquiring an additional 2,838 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Sylvamo by 41.8% in the 4th quarter. Handelsbanken Fonder AB now owns 9,500 shares of the company’s stock worth $457,000 after acquiring an additional 2,800 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Sylvamo by 84,243.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,202 shares of the company’s stock worth $6,173,000 after acquiring an additional 128,050 shares in the last quarter. Finally, Rock Point Advisors LLC boosted its holdings in shares of Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock worth $3,963,000 after acquiring an additional 265 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Stock Up 0.1%

Shares of SLVM opened at $38.13 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of 15.07, a PEG ratio of 0.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. Sylvamo Corporation has a one year low of $35.53 and a one year high of $56.80. The business’s 50 day simple moving average is $41.11 and its 200-day simple moving average is $45.69.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. During the same quarter last year, the firm earned $0.68 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, sell-side analysts predict that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s payout ratio is 71.15%.

Insiders Place Their Bets

In related news, SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total value of $150,995.00. Following the completion of the transaction, the senior vice president owned 46,484 shares in the company, valued at $2,159,646.64. The trade was a 6.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SLVM has been the topic of several recent analyst reports. Truist Financial initiated coverage on Sylvamo in a report on Monday, March 30th. They issued a “buy” rating and a $54.00 target price on the stock. Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Royal Bank Of Canada reduced their target price on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research raised Sylvamo from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $54.00.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.