Vanguard Group Inc. Has $200.84 Million Stock Position in Sylvamo Corporation $SLVM

Key Points

• Vanguard Group Inc. increased its stake in Sylvamo Corporation by 5.2% during the first quarter, acquiring an additional 149,326 shares to own a total of 2,994,527 shares valued at approximately $200.8 million.
• Several institutional investors adjusted their positions in Sylvamo, with notable increases from Principal Financial Group and CWA Asset Management, while 91.16% of the company's stock is owned by institutional investors and hedge funds.
• Sylvamo reported a decrease in revenue of 14.9% year-over-year, with a quarterly EPS of $0.37, missing the consensus estimate of $0.47 and leading to a stock rating shift to "strong sell" by Zacks Research.

Vanguard Group Inc. lifted its position in Sylvamo Corporation (NYSE:SLVM - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,994,527 shares of the company's stock after buying an additional 149,326 shares during the period. Vanguard Group Inc. owned approximately 7.35% of Sylvamo worth $200,843,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Sylvamo in the first quarter valued at $349,000. LSV Asset Management lifted its holdings in shares of Sylvamo by 0.7% in the first quarter. LSV Asset Management now owns 1,804,055 shares of the company's stock valued at $120,998,000 after buying an additional 12,371 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Sylvamo in the first quarter valued at $688,000. Foster & Motley Inc. lifted its holdings in shares of Sylvamo by 52.1% in the first quarter. Foster & Motley Inc. now owns 36,275 shares of the company's stock valued at $2,433,000 after buying an additional 12,425 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of Sylvamo in the first quarter valued at $343,000. Institutional investors and hedge funds own 91.16% of the company's stock.

Analyst Ratings Changes

SLVM has been the subject of several research analyst reports. Royal Bank Of Canada set a $49.00 price objective on Sylvamo and gave the company a "sector perform" rating in a report on Monday, August 11th. Zacks Research upgraded Sylvamo to a "strong sell" rating in a report on Monday, August 11th. Finally, Bank of America cut their price objective on Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $71.00.

Sylvamo Trading Up 0.3%

Shares of Sylvamo stock traded up $0.13 on Monday, reaching $44.73. 369,876 shares of the company were exchanged, compared to its average volume of 477,585. The stock has a fifty day moving average price of $48.34 and a 200-day moving average price of $57.03. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. Sylvamo Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). The company had revenue of $794.00 million for the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The firm's revenue for the quarter was down 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share. On average, analysts expect that Sylvamo Corporation will post 7.45 EPS for the current year.

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.