Gotham Asset Management LLC Reduces Stock Position in Sylvamo Co. (NYSE:SLVM)

Gotham Asset Management LLC lessened its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,196 shares of the company's stock after selling 6,829 shares during the quarter. Gotham Asset Management LLC owned approximately 0.08% of Sylvamo worth $2,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after purchasing an additional 403 shares during the last quarter. Fifth Third Bancorp increased 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 acquiring an additional 214 shares during the last quarter. Covestor Ltd increased its position in shares of Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares during the last quarter. KBC Group NV raised its stake in shares of Sylvamo by 80.2% in the fourth quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after acquiring an additional 817 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock valued at $159,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Transactions at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the sale, the chief executive officer now directly owns 153,144 shares of the company's stock, valued at approximately $10,035,526.32. This trade represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered 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.

Sylvamo Stock Down 1.1%

Shares of SLVM traded down $0.65 during midday trading on Wednesday, reaching $56.97. 65,970 shares of the stock were exchanged, compared to its average volume of 331,143. The company has a market capitalization of $2.32 billion, a P/E ratio of 7.91, a PEG ratio of 2.23 and a beta of 1.18. 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 Co. has a 52 week low of $51.60 and a 52 week high of $98.02. The company's 50 day moving average is $60.95 and its two-hundred day moving average is $73.62.

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

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 annualized dividend and a yield of 3.16%. Sylvamo's dividend payout ratio (DPR) is 26.32%.

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.