Denali Advisors LLC Trims Stock Holdings in Sylvamo Corporation (NYSE:SLVM)

Denali Advisors LLC lowered its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 53.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 SEC.

Several other institutional investors have also modified their holdings of the company. LSV Asset Management raised its position in 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 in the last quarter. First Trust Advisors LP grew its stake in shares of Sylvamo by 39.7% in the fourth 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 during the last quarter. American Century Companies Inc. grew its stake in shares of Sylvamo by 15.2% in the fourth 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Sylvamo by 0.9% in the fourth 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 during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Sylvamo by 6.9% in the fourth quarter. Northern Trust Corp now owns 403,900 shares of the company's stock worth $31,916,000 after acquiring an additional 25,934 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Sylvamo Stock Up 1.1%

NYSE:SLVM traded up $0.56 during trading hours on Wednesday, reaching $49.50. 42,600 shares of the company traded hands, compared to its average volume of 342,453. Sylvamo Corporation has a 1 year low of $47.85 and a 1 year high of $98.02. The business's 50-day moving average price is $52.74 and its two-hundred day moving average price is $63.04. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.02 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.89 and a beta of 1.01.

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

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.64%. Sylvamo's dividend payout ratio is 26.32%.

Analyst Ratings Changes

SLVM has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Bank of America cut their target price on Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th.

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.