Jefferies Financial Group Inc. Makes New $4.75 Million Investment in Sylvamo Co. (NYSE:SLVM)

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

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

Insider Activity at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction 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 owns 131,894 shares of the company's stock, valued at $8,591,575.16. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Sylvamo Stock Down 4.3%

Shares of NYSE SLVM traded down $2.35 during trading hours on Friday, hitting $52.90. The company had a trading volume of 418,004 shares, compared to its average volume of 334,328. The stock has a market capitalization of $2.15 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 1-year low of $51.60 and a 1-year high of $98.02. The firm's 50 day moving average is $59.14 and its 200-day moving average is $71.65.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. On average, analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, July 8th. Sylvamo's payout ratio is presently 26.32%.

About Sylvamo

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.