Sylvamo Co. (NYSE:SLVM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,474 shares of the company's stock after acquiring an additional 10,204 shares during the quarter. Deutsche Bank AG owned about 0.08% of Sylvamo worth $2,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after purchasing an additional 403 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after buying an additional 214 shares during the last quarter. Covestor Ltd lifted its stake in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock worth $62,000 after buying an additional 641 shares during the period. KBC Group NV grew its holdings in shares of Sylvamo by 80.2% during the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after buying an additional 817 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Sylvamo by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after acquiring an additional 218 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

NYSE SLVM traded up $1.28 during trading hours on Tuesday, reaching $55.47. The stock had a trading volume of 268,362 shares, compared to its average volume of 333,791. The stock has a fifty day moving average of $59.88 and a 200 day moving average of $72.37. The stock has a market cap of $2.26 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. Sylvamo Co. has a 52-week low of $51.60 and a 52-week high of $98.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56.

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 the consensus estimate of $0.70 by ($0.02). The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The business's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Sell-side analysts predict 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. Investors of record on Tuesday, July 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.24%. Sylvamo's dividend payout ratio is presently 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 of the company's stock, valued at $10,035,526.32. This trade represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.