Sylvamo Co. (NYSE:SLVM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,355 shares of the company's stock after selling 6,740 shares during the period. Ameriprise Financial Inc. owned about 0.27% of Sylvamo worth $8,800,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Sylvamo by 3.8% during the fourth quarter. LSV Asset Management now owns 1,791,684 shares of the company's stock valued at $141,579,000 after acquiring an additional 66,180 shares during the last quarter. First Trust Advisors LP lifted its position in Sylvamo by 39.7% during the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock worth $93,045,000 after buying an additional 334,792 shares during the period. American Century Companies Inc. lifted its position in Sylvamo by 15.2% during the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after buying an additional 134,066 shares during the period. Geode Capital Management LLC lifted its position in Sylvamo by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock worth $73,011,000 after buying an additional 7,795 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Sylvamo by 16.6% during the fourth quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock worth $40,139,000 after buying an additional 72,226 shares during the period. Institutional investors and hedge funds own 91.16% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their target price on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th.

Sylvamo Trading Down 2.6%

Shares of Sylvamo stock traded down $1.46 during trading hours on Monday, reaching $54.19. The stock had a trading volume of 322,743 shares, compared to its average volume of 334,053. The firm has a 50 day simple moving average of $60.08 and a two-hundred day simple moving average of $72.49. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 2.23 and a beta of 1.18. The company has a current ratio of 1.56, a quick ratio of 1.03 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.

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 analysts' consensus estimates of $0.70 by ($0.02). The firm had revenue of $821.00 million during the quarter, compared to analysts' expectations of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share. As a group, equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company 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. 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 3.32%. Sylvamo's dividend payout ratio (DPR) is 26.32%.

Insider Activity at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. This trade represents a 12.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.74% of the company's stock.

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.