Dimensional Fund Advisors LP Sells 29,092 Shares of Sylvamo Co. (NYSE:SLVM)

Dimensional Fund Advisors LP cut its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,279,891 shares of the company's stock after selling 29,092 shares during the period. Dimensional Fund Advisors LP owned approximately 3.12% of Sylvamo worth $101,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC boosted 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 acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp increased its stake in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after purchasing an additional 214 shares in the last quarter. Covestor Ltd raised its holdings in shares of 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 period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Sylvamo during the 3rd quarter worth about $82,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.74% of the company's stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price target on Sylvamo from $83.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th.

Sylvamo Stock Up 2.4 %

Shares of Sylvamo stock traded up $1.45 during trading hours on Friday, reaching $60.55. The company's stock had a trading volume of 45,524 shares, compared to its average volume of 326,438. The company has a market capitalization of $2.47 billion, a P/E ratio of 8.38, a P/E/G ratio of 2.23 and a beta of 1.17. The stock's fifty day simple moving average is $63.76 and its two-hundred day simple moving average is $76.25. Sylvamo Co. has a one year low of $54.94 and a one year high of $98.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. On average, research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, April 8th. Sylvamo's dividend payout ratio (DPR) is presently 24.97%.

Sylvamo Company 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.