Jefferies Financial Group Inc. Takes $4.75 Million Position in Sylvamo Co. (NYSE:SLVM)

Jefferies Financial Group Inc. acquired a new position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,133 shares of the company's stock, valued at approximately $4,752,000. Jefferies Financial Group Inc. owned about 0.15% of Sylvamo at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLVM. Smartleaf Asset Management LLC lifted its stake in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after acquiring an additional 403 shares in the last quarter. Fifth Third Bancorp increased its stake in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the period. Covestor Ltd increased its stake in Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock worth $62,000 after purchasing an additional 641 shares during the period. KBC Group NV increased its stake in Sylvamo by 80.2% during the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock worth $145,000 after purchasing an additional 817 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after purchasing an additional 218 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 17th. The shares were 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. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.74% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their price objective on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th.

Sylvamo Stock Down 4.3%

Shares of Sylvamo stock traded down $2.35 during trading hours on Friday, reaching $52.90. 418,004 shares of the company were exchanged, compared to its average volume of 333,889. The firm has a market cap of $2.15 billion, a PE ratio of 7.34, a PEG ratio of 2.23 and a beta of 1.18. 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 Co. has a 1 year low of $51.60 and a 1 year high of $98.02. The stock's fifty day moving average is $59.45 and its 200 day moving average is $71.97.

Sylvamo (NYSE:SLVM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. As a group, equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.40%. Sylvamo's payout ratio is 26.32%.

Sylvamo 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.