Sylvamo Corporation $SLVM Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Sylvamo stake by 5.6% to 1.36 million shares, worth approximately $57.5 million. Institutional investors collectively own 91.16% of the company.
• Sylvamo reported a quarterly loss of $0.53 per share, missing estimates by $0.28, while revenue fell 8% year over year to $755 million. The company paid a quarterly dividend of $0.45 per share, yielding approximately 4.8% annually.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $47.33; recent actions included target-price cuts and downgrades to “Sell,” although Truist maintained a “Buy” rating.

Dimensional Fund Advisors LP increased its holdings in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,362,474 shares of the company's stock after purchasing an additional 72,177 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.43% of Sylvamo worth $57,547,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Sylvamo by 605.9% in the 4th quarter. Millennium Management LLC now owns 2,233,209 shares of the company's stock valued at $107,529,000 after buying an additional 1,916,829 shares in the last quarter. Nomura Holdings Inc. raised its stake in Sylvamo by 34.1% during the 3rd quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company's stock worth $95,073,000 after acquiring an additional 546,336 shares in the last quarter. State Street Corp lifted its position in Sylvamo by 2.6% in the fourth quarter. State Street Corp now owns 1,341,850 shares of the company's stock valued at $64,610,000 after acquiring an additional 34,551 shares during the last quarter. Wasatch Advisors LP lifted its position in Sylvamo by 12.5% in the third quarter. Wasatch Advisors LP now owns 941,999 shares of the company's stock valued at $41,655,000 after acquiring an additional 104,778 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Sylvamo by 1.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 857,895 shares of the company's stock valued at $41,308,000 after acquiring an additional 8,860 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sylvamo

In other news, Director Lizanne M. Bruce sold 1,230 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $41.70, for a total transaction of $51,291.00. Following the transaction, the director directly owned 14,475 shares of the company's stock, valued at $603,607.50. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company's stock.

Sylvamo Stock Performance

NYSE SLVM opened at $37.50 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.92 and a beta of 0.87. The business's 50 day moving average is $38.83 and its two-hundred day moving average is $42.67. Sylvamo Corporation has a 12-month low of $35.53 and a 12-month high of $56.80. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $740.85 million. During the same period in the prior year, the business earned $0.68 earnings per share. The firm's quarterly revenue was down 8.0% compared to the same quarter last year. Research analysts expect that Sylvamo Corporation will post 1.99 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, July 7th. Sylvamo's payout ratio is presently 71.15%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada reduced their target price on Sylvamo from $49.00 to $46.00 and set a "sector perform" rating for the company in a report on Friday, July 17th. Zacks Research lowered Sylvamo from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Sylvamo from a "sell" rating to a "hold" rating in a research note on Sunday. Truist Financial lowered their target price on shares of Sylvamo from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut shares of Sylvamo from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Sylvamo presently has a consensus rating of "Reduce" and a consensus target price of $47.33.

About Sylvamo

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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