Allianz Asset Management GmbH Has $19.13 Million Stock Holdings in Sylvamo Corporation $SLVM

Allianz Asset Management GmbH lifted its holdings in Sylvamo Corporation (NYSE:SLVM - Free Report) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 506,147 shares of the company's stock after buying an additional 69,195 shares during the quarter. Allianz Asset Management GmbH owned about 1.27% of Sylvamo worth $19,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLVM. UMB Bank n.a. raised its holdings in Sylvamo by 171.2% during the 4th quarter. UMB Bank n.a. now owns 564 shares of the company's stock worth $27,000 after purchasing an additional 356 shares during the last quarter. Nykredit A S acquired a new stake in Sylvamo during the 2nd quarter worth $33,000. International Assets Investment Management LLC bought a new stake in shares of Sylvamo during the 4th quarter valued at $38,000. Advisory Services Network LLC acquired a new position in shares of Sylvamo in the 3rd quarter valued at $38,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sylvamo by 185.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company's stock worth $49,000 after purchasing an additional 638 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sylvamo in a research report on Friday, August 7th. Zacks Research downgraded shares of Sylvamo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Sylvamo from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. Bank of America reissued a "neutral" rating and set a $45.00 price target on shares of Sylvamo in a research report on Tuesday, July 14th. Finally, Truist Financial reissued a "buy" rating and issued a $49.00 price target (down from $51.00) on shares of Sylvamo in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $46.67.

Sylvamo Stock Up 0.2%

Shares of Sylvamo stock opened at $36.03 on Tuesday. The firm has a market cap of $1.43 billion, a PE ratio of 19.16, a P/E/G ratio of 1.29 and a beta of 0.86. The business's 50 day simple moving average is $37.81 and its 200 day simple moving average is $40.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. Sylvamo Corporation has a 52-week low of $34.25 and a 52-week high of $56.80.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $806.00 million during the quarter, compared to analysts' expectations of $811.25 million. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. On average, analysts predict that Sylvamo Corporation will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Sylvamo

In other news, Director Lizanne M. Bruce sold 1,230 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total value of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company's stock, valued at approximately $603,607.50. This represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.

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