BNP Paribas Financial Markets Invests $386,000 in Sylvamo Co. (NYSE:SLVM)

BNP Paribas Financial Markets purchased a new stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,890 shares of the company's stock, valued at approximately $386,000.

Other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its holdings in Sylvamo by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock valued at $288,000 after purchasing an additional 193 shares during the period. Fifth Third Bancorp lifted its position in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after acquiring an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Sylvamo by 12.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after buying an additional 218 shares in the last quarter. LPL Financial LLC raised its holdings in Sylvamo by 1.9% during the 4th quarter. LPL Financial LLC now owns 15,874 shares of the company's stock valued at $1,254,000 after buying an additional 299 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company's stock worth $363,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by company insiders.

Sylvamo Stock Performance

NYSE:SLVM traded down $0.75 during trading hours on Friday, hitting $54.51. 12,248 shares of the company were exchanged, compared to its average volume of 332,295. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 2.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a 52-week low of $51.60 and a 52-week high of $98.02. The company's 50 day moving average price is $59.45 and its 200-day moving average price is $71.97.

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

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.30%. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

Analysts Set New Price Targets

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

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.