Deutsche Bank AG Has $2.49 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Deutsche Bank AG boosted its stake in Sylvamo Co. (NYSE:SLVM - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,474 shares of the company's stock after purchasing an additional 10,204 shares during the quarter. Deutsche Bank AG owned about 0.08% of Sylvamo worth $2,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after purchasing an additional 403 shares in the last quarter. Fifth Third Bancorp raised its stake in 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 purchasing an additional 214 shares in the last quarter. Covestor Ltd raised its stake in Sylvamo by 464.5% in the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares in the last quarter. KBC Group NV raised its stake in Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after purchasing an additional 817 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after acquiring an additional 218 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Insider Activity

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 sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered 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.

Sylvamo Stock Performance

Sylvamo stock opened at $56.22 on Thursday. The business has a 50 day moving average of $60.76 and a 200-day moving average of $73.50. Sylvamo Co. has a 1 year low of $51.60 and a 1 year high of $98.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market capitalization of $2.29 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.23 and a beta of 1.18.

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

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio is currently 26.32%.

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.

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