Pictet Asset Management Holding SA Raises Holdings in Sylvamo Corporation $SLVM

Key Points

• Pictet Asset Management boosted its stake in Sylvamo by 34.9% in Q4 to 401,002 shares (about 1.02% of the company), valued at roughly $19.3 million.
• Analysts have an average target of $54.33 (two Buy, three Hold); the stock trades near $43.76 with a market cap of $1.74 billion and a P/E of 13.42.
• Sylvamo pays a $0.45 quarterly dividend (annualized $1.80, yield 4.1%) and recently reported Q1 EPS of $1.08 that topped estimates while revenue fell 8.2% year‑over‑year.

Pictet Asset Management Holding SA lifted its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,002 shares of the company's stock after purchasing an additional 103,647 shares during the period. Pictet Asset Management Holding SA owned about 1.02% of Sylvamo worth $19,308,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC increased its position in Sylvamo by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company's stock worth $1,480,000 after buying an additional 245 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Sylvamo by 0.9% in the second quarter. Lazard Asset Management LLC now owns 29,415 shares of the company's stock valued at $1,473,000 after acquiring an additional 259 shares during the period. Rhumbline Advisers grew its position in shares of Sylvamo by 0.3% during the third quarter. Rhumbline Advisers now owns 96,697 shares of the company's stock worth $4,276,000 after acquiring an additional 278 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company's stock worth $40,000 after acquiring an additional 519 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Sylvamo by 328.3% in the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company's stock valued at $30,000 after acquiring an additional 522 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SLVM. Weiss Ratings reiterated a "hold (c)" rating on shares of Sylvamo in a research report on Wednesday, January 21st. Zacks Research raised shares of Sylvamo from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Truist Financial assumed coverage on shares of Sylvamo in a report on Monday, March 30th. They issued a "buy" rating and a $54.00 target price for the company. Finally, Royal Bank Of Canada set a $50.00 price target on Sylvamo in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $54.33.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $43.76 on Friday. The stock has a fifty day moving average price of $42.78 and a 200 day moving average price of $45.88. Sylvamo Corporation has a 1-year low of $37.09 and a 1-year high of $61.31. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 0.92. The company has a market cap of $1.74 billion, a PE ratio of 13.42, a P/E/G ratio of 0.52 and a beta of 0.91.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.03. The company had revenue of $890.00 million during the quarter, compared to the consensus estimate of $858.76 million. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. Sylvamo's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. Sell-side analysts forecast that Sylvamo Corporation will post 2.75 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, April 7th. Sylvamo's payout ratio is currently 55.21%.

Insider Transactions at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the completion of the transaction, the senior vice president directly owned 46,484 shares of the company's stock, valued at approximately $2,159,646.64. This represents a 6.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Sylvamo Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.

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