Denali Advisors LLC reduced its stake in Sylvamo Corporation (NYSE:SLVM - Free Report) by 53.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the company's stock after selling 9,281 shares during the period. Denali Advisors LLC's holdings in Sylvamo were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Bailard Inc. bought a new stake in shares of Sylvamo in the 1st quarter valued at approximately $537,000. James Investment Research Inc. bought a new stake in Sylvamo during the 1st quarter worth approximately $251,000. Victory Capital Management Inc. grew its position in Sylvamo by 351.8% during the 1st quarter. Victory Capital Management Inc. now owns 166,844 shares of the company's stock worth $11,190,000 after acquiring an additional 129,916 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Sylvamo by 57.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 63,720 shares of the company's stock worth $4,274,000 after acquiring an additional 23,368 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in Sylvamo by 732.3% during the 1st quarter. Edgestream Partners L.P. now owns 57,643 shares of the company's stock worth $3,866,000 after acquiring an additional 50,717 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.
Sylvamo Stock Down 3.3%
Shares of SLVM opened at $48.86 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 1.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.64. The business's fifty day moving average price is $52.74 and its two-hundred day moving average price is $63.15. Sylvamo Corporation has a 52 week low of $48.67 and a 52 week high of $98.02.
Sylvamo (NYSE:SLVM - Get Free Report) last announced 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 the consensus estimate of $819.61 million. Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. On average, analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current year.
Sylvamo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be given a $0.45 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.68%. Sylvamo's payout ratio is 26.32%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SLVM. Royal Bank Of Canada decreased 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. Bank of America decreased 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.
Get Our Latest Stock Analysis on Sylvamo
Sylvamo Profile
(
Free Report)
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.
See Also
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