Bailard Inc. Takes Position in Sylvamo Corporation (NYSE:SLVM)

Bailard Inc. acquired a new stake in Sylvamo Corporation (NYSE:SLVM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,000 shares of the company's stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management raised its position in shares of Sylvamo by 3.8% during the 4th quarter. LSV Asset Management now owns 1,791,684 shares of the company's stock worth $141,579,000 after acquiring an additional 66,180 shares in the last quarter. First Trust Advisors LP raised its position in shares of Sylvamo by 39.7% during the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock worth $93,045,000 after acquiring an additional 334,792 shares in the last quarter. American Century Companies Inc. raised its position in shares of Sylvamo by 15.2% during the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after acquiring an additional 134,066 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Sylvamo by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock worth $73,011,000 after acquiring an additional 7,795 shares in the last quarter. Finally, Northern Trust Corp increased its position in Sylvamo by 6.9% during the fourth quarter. Northern Trust Corp now owns 403,900 shares of the company's stock worth $31,916,000 after buying an additional 25,934 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SLVM shares. Bank of America cut their price target on Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. Royal Bank Of Canada cut their price target 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 Stock Performance

SLVM traded down $1.67 during trading on Friday, hitting $48.86. 393,959 shares of the stock were exchanged, compared to its average volume of 325,604. The firm has a market capitalization of $1.99 billion, a P/E ratio of 7.14, a PEG ratio of 1.92 and a beta of 1.01. Sylvamo Corporation has a 1-year low of $48.67 and a 1-year high of $98.02. The stock has a fifty day moving average price of $52.74 and a two-hundred day moving average price of $63.15. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 0.87.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly 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 firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a return on equity of 32.60% and a net margin of 7.71%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. As a group, sell-side analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's payout ratio is currently 26.32%.

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.