Sylvamo Co. (NYSE:SLVM) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 39.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,177,493 shares of the company's stock after purchasing an additional 334,792 shares during the quarter. First Trust Advisors LP owned approximately 2.87% of Sylvamo worth $93,045,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in Sylvamo by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company's stock valued at $288,000 after acquiring an additional 193 shares during the last quarter. GAMMA Investing LLC lifted its position in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after buying an additional 201 shares in the last quarter. Fifth Third Bancorp boosted its stake in 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 last quarter. Steward Partners Investment Advisory LLC grew its holdings in Sylvamo by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after buying an additional 218 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company's stock worth $281,000 after acquiring an additional 273 shares during the last quarter. 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 company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Sylvamo Trading Down 1.4 %

SLVM stock traded down $0.86 during midday trading on Friday, hitting $59.55. 226,478 shares of the company's stock were exchanged, compared to its average volume of 327,000. Sylvamo Co. has a 1-year low of $54.94 and a 1-year high of $98.02. The business has a 50-day simple moving average of $64.51 and a two-hundred day simple moving average of $76.89. The stock has a market capitalization of $2.42 billion, a PE ratio of 8.26, a P/E/G ratio of 2.23 and a beta of 1.17. 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, sell-side analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 3.02%. Sylvamo's dividend payout ratio is currently 24.97%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada dropped their price objective on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th.

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.