Sylvamo Co. (NYSE:SLVM) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in Sylvamo Co. (NYSE:SLVM - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,600 shares of the company's stock after selling 136,128 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.25% of Sylvamo worth $8,186,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SLVM. Smartleaf Asset Management LLC grew its stake in shares of Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock worth $49,000 after acquiring an additional 403 shares during the last quarter. GAMMA Investing LLC boosted its stake in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp grew its position in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the last quarter. Covestor Ltd increased its stake in 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 in the last quarter. Finally, KBC Group NV increased its stake in Sylvamo by 80.2% during the 4th quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after purchasing an additional 817 shares in the last quarter. Institutional investors own 91.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their price objective 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.

Insiders Place Their Bets

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.74% of the stock is owned by insiders.

Sylvamo Price Performance

Shares of Sylvamo stock remained flat at $56.21 on Monday. The company had a trading volume of 100,290 shares, compared to its average volume of 330,718. The company has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $73.93. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. Sylvamo Co. has a 12-month low of $51.60 and a 12-month high of $98.02. 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 (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The business's revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Research analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's payout ratio is 26.32%.

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.