Jefferies Financial Group Inc. Takes $4.75 Million Position in Sylvamo Co. (NYSE:SLVM)

Jefferies Financial Group Inc. acquired a new stake in Sylvamo Co. (NYSE:SLVM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 60,133 shares of the company's stock, valued at approximately $4,752,000. Jefferies Financial Group Inc. owned about 0.15% of Sylvamo as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Sylvamo by 182.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after buying an additional 403 shares during the period. GAMMA Investing LLC increased its stake in shares of Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after buying an additional 201 shares during the period. Fifth Third Bancorp increased 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 buying an additional 214 shares during the period. Covestor Ltd increased its stake in shares of Sylvamo by 464.5% in the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares during the period. Finally, KBC Group NV increased its stake in shares of Sylvamo by 80.2% in the 4th quarter. KBC Group NV now owns 1,836 shares of the company's stock valued at $145,000 after buying an additional 817 shares during the period. Institutional investors 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 business's stock in a transaction dated Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $8,591,575.16. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.74% of the stock is owned by insiders.

Sylvamo Trading Up 0.6%

Shares of Sylvamo stock traded up $0.35 during trading on Friday, reaching $56.28. 258,792 shares of the company were exchanged, compared to its average volume of 331,625. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a twelve month low of $51.60 and a twelve month high of $98.02. The business has a 50-day moving average price of $61.24 and a 200-day moving average price of $73.93. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 2.23 and a beta of 1.18.

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 analysts' consensus estimates of $0.70 by ($0.02). Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same period last year, the firm earned $1.07 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.20%. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th.

About Sylvamo

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.