13,440 Shares in Sylvamo Corporation (NYSE:SLVM) Acquired by Fractal Investments LLC

Fractal Investments LLC acquired a new position in Sylvamo Corporation (NYSE:SLVM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 13,440 shares of the company's stock, valued at approximately $901,000. Sylvamo makes up about 0.1% of Fractal Investments LLC's holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LSV Asset Management boosted its position in shares of Sylvamo by 3.8% in the 4th quarter. LSV Asset Management now owns 1,791,684 shares of the company's stock worth $141,579,000 after buying an additional 66,180 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Sylvamo by 39.7% in the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock worth $93,045,000 after buying an additional 334,792 shares in the last quarter. American Century Companies Inc. lifted its holdings in Sylvamo by 15.2% in the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock valued at $80,289,000 after purchasing an additional 134,066 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sylvamo by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock valued at $73,011,000 after purchasing an additional 7,795 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Sylvamo by 6.8% in the 1st quarter. Allianz Asset Management GmbH now owns 542,288 shares of the company's stock valued at $36,371,000 after purchasing an additional 34,323 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price 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. Bank of America dropped their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a research note on Wednesday, July 9th.

Sylvamo Trading Up 0.8%

Shares of NYSE SLVM traded up $0.41 on Friday, reaching $49.40. 45,015 shares of the company traded hands, compared to its average volume of 340,536. Sylvamo Corporation has a fifty-two week low of $47.85 and a fifty-two week high of $98.02. The company has a 50 day moving average of $52.24 and a 200 day moving average of $62.43. 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 $2.01 billion, a PE ratio of 7.22, a P/E/G ratio of 1.97 and a beta of 1.01.

Sylvamo (NYSE:SLVM - Get Free Report) last posted 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 company had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The company's revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities research analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

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. This represents a $1.80 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Tuesday, July 8th. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

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.