SG Americas Securities LLC Has $848,000 Stock Position in Sylvamo Corporation (NYSE:SLVM)

SG Americas Securities LLC decreased its holdings in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 40.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,643 shares of the company's stock after selling 8,462 shares during the quarter. SG Americas Securities LLC's holdings in Sylvamo were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 403 shares in the last quarter. Covestor Ltd boosted its stake in shares of Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock worth $62,000 after acquiring an additional 641 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Sylvamo by 12.2% during the 4th 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. First Citizens Bank & Trust Co. bought a new stake in shares of Sylvamo during the 1st quarter worth about $200,000. Finally, DRW Securities LLC bought a new stake in shares of Sylvamo during the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Stock Performance

Shares of NYSE SLVM traded up $0.60 during trading hours on Monday, hitting $50.74. 270,637 shares of the company's stock were exchanged, compared to its average volume of 328,962. Sylvamo Corporation has a 1-year low of $50.01 and a 1-year high of $98.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.64 and a quick ratio of 1.04. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.97 and a beta of 1.07. The company's 50-day moving average price is $56.00 and its 200-day moving average price is $67.57.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a return on equity of 32.60% and a net margin of 7.71%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same period in the prior year, the firm posted $1.07 EPS. Sylvamo's revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company 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 $0.45 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.55%. Sylvamo's dividend payout ratio (DPR) is 26.32%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada decreased their price target 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 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.