Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in Sylvamo Co. (NYSE:SLVM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,726 shares of the company's stock, valued at approximately $2,428,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Sylvamo as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLVM. First Trust Advisors LP boosted its stake in shares of Sylvamo by 39.7% during the fourth quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock valued at $93,045,000 after purchasing an additional 334,792 shares in the last quarter. American Century Companies Inc. grew its position in Sylvamo by 15.2% in the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock valued at $80,289,000 after purchasing an additional 134,066 shares during the period. Millennium Management LLC increased its position in shares of Sylvamo by 185.1% during the fourth quarter. Millennium Management LLC now owns 144,431 shares of the company's stock worth $11,413,000 after acquiring an additional 93,767 shares in the last quarter. Norges Bank bought a new stake in Sylvamo during the fourth quarter worth $6,505,000. Finally, Invesco Ltd. raised its holdings in shares of Sylvamo by 27.5% in the fourth quarter. Invesco Ltd. now owns 375,231 shares of the company's stock valued at $29,651,000 after purchasing an additional 80,895 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Trading Down 0.2%

Shares of SLVM stock traded down $0.08 during mid-day trading on Wednesday, reaching $53.15. The stock had a trading volume of 183,720 shares, compared to its average volume of 333,774. Sylvamo Co. has a 52-week low of $51.55 and a 52-week 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 stock's 50-day moving average price is $58.58 and its two-hundred day moving average price is $71.22. The firm has a market capitalization of $2.16 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. During the same quarter last year, the firm posted $1.07 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. Equities analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced 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. This represents a $1.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, July 8th. Sylvamo's dividend payout ratio is 26.32%.

Insider Buying and Selling

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.74% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price objective on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock 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.