share_log

Sylvamo Co. (NYSE:SLVM) Holdings Trimmed by Russell Investments Group Ltd.

Defense World ·  Feb 4, 2023 06:42

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.

Get Sylvamo alerts:

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

(Get Rating)

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.

See Also

  • Get a free copy of the StockNews.com research report on Sylvamo (SLVM)
  • Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
  • Zimmer Biomet Beats on Earnings, Growth May be Priced In
  • AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
  • Ford Stock Going Forward After Big Earnings Flop
  • Insiders And Institutions Buy Wolverine Worldwide

Receive News & Ratings for Sylvamo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sylvamo and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment