Vanguard Group Inc. Purchases 149,326 Shares of 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. grew its position in shares of Sylvamo Corporation (NYSE:SLVM - Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,994,527 shares of the company's stock after acquiring an additional 149,326 shares during the quarter. Vanguard Group Inc. owned 7.35% of Sylvamo worth $200,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Sylvamo by 1.6% during the first quarter. Principal Financial Group Inc. now owns 185,620 shares of the company's stock worth $12,450,000 after purchasing an additional 2,958 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Sylvamo by 27.3% during the 1st quarter. CWA Asset Management Group LLC now owns 6,236 shares of the company's stock worth $418,000 after buying an additional 1,336 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Sylvamo by 48.0% in the 4th quarter. Deutsche Bank AG now owns 31,474 shares of the company's stock valued at $2,487,000 after acquiring an additional 10,204 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Sylvamo in the 4th quarter valued at about $372,000. Finally, Bank of Montreal Can increased its position in shares of Sylvamo by 10.3% in the fourth quarter. Bank of Montreal Can now owns 6,304 shares of the company's stock valued at $498,000 after acquiring an additional 587 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLVM has been the subject of a number of analyst reports. Zacks Research upgraded Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. 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. Finally, Bank of America lowered their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $71.00.

Sylvamo Stock Up 0.0%

SLVM opened at $43.7860 on Wednesday. The stock's fifty day simple moving average is $49.01 and its 200 day simple moving average is $58.12. Sylvamo Corporation has a 1-year low of $37.51 and a 1-year high of $98.02. The stock has a market cap of $1.77 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 2.45 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 (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. Sylvamo's revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 earnings per share. As a group, research analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo 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.

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