Geode Capital Management LLC Buys 7,795 Shares of Sylvamo Co. (NYSE:SLVM)

Geode Capital Management LLC boosted its holdings in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 923,792 shares of the company's stock after purchasing an additional 7,795 shares during the period. Geode Capital Management LLC owned about 2.25% of Sylvamo worth $73,011,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SLVM. GAMMA Investing LLC boosted its position in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after buying an additional 201 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock valued at $58,000 after acquiring an additional 214 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after acquiring an additional 218 shares during the last quarter. Wedmont Private Capital increased its holdings in 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 purchasing an additional 273 shares in the last quarter. Finally, LPL Financial LLC raised its position in Sylvamo by 1.9% in the fourth quarter. LPL Financial LLC now owns 15,874 shares of the company's stock valued at $1,254,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company's stock.

Sylvamo Trading Up 1.2 %

NYSE SLVM traded up $0.69 on Thursday, reaching $60.17. The company had a trading volume of 40,484 shares, compared to its average volume of 323,169. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week high of $98.02. The business has a 50 day moving average of $66.37 and a two-hundred day moving average of $77.99.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.99%. Sylvamo's payout ratio is 24.97%.

Insider Transactions at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the completion of the transaction, the chief executive officer now owns 153,144 shares of the company's stock, valued at $10,035,526.32. This trade represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.