Sylvamo (NYSE:SLVM) Director Lizanne Bruce Sells 1,230 Shares

Sylvamo Corporation (NYSE:SLVM) Director Lizanne Bruce sold 1,230 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $603,607.50. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sylvamo Trading Down 1.0%

Shares of NYSE:SLVM traded down $0.41 during mid-day trading on Tuesday, reaching $40.61. 79,225 shares of the company were exchanged, compared to its average volume of 345,612. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. The firm’s 50-day simple moving average is $40.72 and its 200 day simple moving average is $45.09. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 0.64 and a beta of 0.86.

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

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. Sylvamo’s dividend payout ratio is currently 71.15%.

Institutional Investors Weigh In On Sylvamo

Institutional investors and hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC increased its position in Sylvamo by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock valued at $1,480,000 after acquiring an additional 245 shares during the period. Lazard Asset Management LLC grew its stake in shares of Sylvamo by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock valued at $1,473,000 after purchasing an additional 259 shares during the last quarter. Rock Point Advisors LLC grew its stake 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 valued at $3,963,000 after purchasing an additional 265 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Sylvamo by 0.3% in the third quarter. Rhumbline Advisers now owns 96,697 shares of the company’s stock valued at $4,276,000 after purchasing an additional 278 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Sylvamo by 171.2% in the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada dropped their price objective on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, May 11th. Weiss Ratings cut Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Truist Financial began coverage on Sylvamo in a research report on Monday, March 30th. They set a “buy” rating and a $54.00 price target on the stock. Two 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 company’s stock. According to data from MarketBeat, Sylvamo currently has an average rating of “Hold” and an average 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.