Russell Investments Group Ltd. lowered its position in shares of Sylvamo Co. (NYSE:SLVM – Get Rating) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,902 shares of the company's stock after selling 3,984 shares during the quarter. Russell Investments Group Ltd. owned 0.30% of Sylvamo worth $4,505,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Tyler Stone Wealth Management purchased a new stake in shares of Sylvamo during the second quarter valued at $25,000. Federated Hermes Inc. purchased a new stake in shares of Sylvamo during the first quarter valued at $25,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Sylvamo during the second quarter valued at $31,000. Van ECK Associates Corp purchased a new stake in Sylvamo in the 2nd quarter worth about $34,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Sylvamo in the 2nd quarter worth about $49,000. Institutional investors own 85.95% of the company's stock.
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Sylvamo Stock Up 1.0 %
Shares of Sylvamo stock opened at $48.83 on Friday. The stock has a 50-day moving average price of $50.04 and a 200 day moving average price of $44.84. The company has a market cap of $2.15 billion, a P/E ratio of 25.04 and a beta of 1.23. The company has a current ratio of 1.37, a quick ratio of 1.04 and a debt-to-equity ratio of 4.65. Sylvamo Co. has a 1 year low of $28.37 and a 1 year high of $57.38.
Sylvamo (NYSE:SLVM – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $2.51 earnings per share for the quarter. Sylvamo had a return on equity of 142.22% and a net
margin of 2.25%. The company had revenue of $968.00 million during the quarter. As a group, analysts expect that Sylvamo Co. will post 2.68 EPS for the current fiscal year.
Sylvamo Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, January 3rd. This is an increase from Sylvamo's previous quarterly dividend of $0.11. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Sylvamo's dividend payout ratio (DPR) is 51.28%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on SLVM shares. Royal Bank of Canada increased their price objective on Sylvamo from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, November 11th. Bank of America downgraded Sylvamo from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $56.00 to $58.00 in a research note on Thursday, December 15th.
Sylvamo Company Profile
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Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp.
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