Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 30,726 Sylvamo Co. (NYSE:SLVM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,726 shares of the company's stock, valued at approximately $2,428,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Sylvamo at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new position in Sylvamo in the fourth quarter valued at $4,752,000. Polar Asset Management Partners Inc. boosted its stake in shares of Sylvamo by 4.6% during the fourth quarter. Polar Asset Management Partners Inc. now owns 36,300 shares of the company's stock worth $2,868,000 after buying an additional 1,600 shares during the period. Vise Technologies Inc. boosted its stake in shares of Sylvamo by 7.7% during the fourth quarter. Vise Technologies Inc. now owns 8,447 shares of the company's stock worth $667,000 after buying an additional 607 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sylvamo by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,830 shares of the company's stock worth $6,229,000 after buying an additional 11,899 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Sylvamo during the fourth quarter worth about $372,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the 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 completion of the transaction, the chief executive officer now directly 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 filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Sylvamo Stock Performance

Shares of SLVM traded up $0.50 during mid-day trading on Friday, hitting $53.73. 152,122 shares of the company's stock were exchanged, compared to its average volume of 333,475. The firm has a market capitalization of $2.19 billion, a P/E ratio of 7.45, a P/E/G ratio of 2.23 and a beta of 1.07. Sylvamo Co. has a fifty-two week low of $51.55 and a fifty-two week high of $98.02. The business's 50 day moving average is $57.75 and its two-hundred day moving average is $70.64. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

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

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.35%. Sylvamo's dividend payout ratio is currently 26.32%.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their target price on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research note 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.