UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Sylvamo Co. (NYSE:SLVM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,830 shares of the company's stock after purchasing an additional 11,899 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Sylvamo worth $6,229,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Summit Investment Advisors Inc. raised its holdings in Sylvamo by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock worth $288,000 after purchasing an additional 193 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after buying an additional 214 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after buying an additional 218 shares during the period. NDVR Inc. raised its stake in Sylvamo by 9.2% during the fourth quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after buying an additional 268 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Sylvamo by 1.9% in the fourth quarter. LPL Financial LLC now owns 15,874 shares of the company's stock valued at $1,254,000 after buying an additional 299 shares during the period. Institutional investors own 91.16% of the company's stock.

Sylvamo Trading Up 0.9%

SLVM stock traded up $0.50 during mid-day trading on Friday, reaching $53.73. The company's stock had a trading volume of 152,122 shares, compared to its average volume of 333,475. Sylvamo Co. has a 12 month low of $51.55 and a 12 month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The business's 50 day moving average price is $57.75 and its 200 day moving average price is $70.64. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same period last year, the business earned $1.07 EPS. The business's quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio (DPR) is currently 26.32%.

Insider Activity

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares of the company's stock, valued at approximately $8,591,575.16. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut 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 report on Monday, May 12th.

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.