Gallacher Capital Management LLC Grows Position in Sylvamo Corporation (NYSE:SLVM)

Gallacher Capital Management LLC raised its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 106.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,553 shares of the company's stock after purchasing an additional 7,489 shares during the quarter. Gallacher Capital Management LLC's holdings in Sylvamo were worth $976,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Sylvamo by 1.6% in the first quarter. Principal Financial Group Inc. now owns 185,620 shares of the company's stock worth $12,450,000 after buying an additional 2,958 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Sylvamo by 27.3% during the first quarter. CWA Asset Management Group LLC now owns 6,236 shares of the company's stock worth $418,000 after purchasing an additional 1,336 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Sylvamo by 48.0% during the 4th quarter. Deutsche Bank AG now owns 31,474 shares of the company's stock valued at $2,487,000 after buying an additional 10,204 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Sylvamo during the fourth quarter valued at $372,000. Finally, Bank of Montreal Can lifted its holdings in Sylvamo by 10.3% during the fourth quarter. Bank of Montreal Can now owns 6,304 shares of the company's stock valued at $498,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company's stock.

Analysts Set New Price Targets

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

Sylvamo Trading Down 1.2%

Shares of NYSE SLVM traded down $0.60 during trading on Thursday, hitting $49.47. 43,987 shares of the company were exchanged, compared to its average volume of 341,550. 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 company has a fifty day moving average price of $52.38 and a 200-day moving average price of $62.64. Sylvamo Corporation has a 12-month low of $47.85 and a 12-month high of $98.02. The firm has a market capitalization of $2.01 billion, a PE ratio of 7.23, a P/E/G ratio of 1.93 and a beta of 1.01.

Sylvamo (NYSE:SLVM - Get Free Report) last issued 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). The company had revenue of $821.00 million during the quarter, compared to analysts' expectations 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 last year, the firm posted $1.07 earnings per share. As a group, equities research analysts expect that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.64%. Sylvamo's dividend payout ratio (DPR) is 26.32%.

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.