Vanguard Group Inc. Has $115.14 Million Position in Sylvamo Co. (NYSE:SLVM)

Vanguard Group Inc. lifted its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,620,331 shares of the company's stock after buying an additional 78,279 shares during the period. Vanguard Group Inc. owned approximately 6.31% of Sylvamo worth $115,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLVM. American Century Companies Inc. increased its stake in shares of Sylvamo by 34.9% in the third quarter. American Century Companies Inc. now owns 372,185 shares of the company's stock valued at $16,354,000 after purchasing an additional 96,364 shares during the period. Deutsche Bank AG increased its stake in shares of Sylvamo by 13.0% during the third quarter. Deutsche Bank AG now owns 19,430 shares of the company's stock valued at $854,000 after acquiring an additional 2,230 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Sylvamo by 1.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 399,920 shares of the company's stock valued at $17,572,000 after acquiring an additional 6,785 shares during the period. Creative Planning acquired a new position in shares of Sylvamo during the third quarter valued at approximately $245,000. Finally, Morgan Stanley boosted its holdings in Sylvamo by 10.3% during the third quarter. Morgan Stanley now owns 526,150 shares of the company's stock worth $23,119,000 after buying an additional 49,274 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Sylvamo from a "c+" rating to a "b" rating in a report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $55.00 price objective (up previously from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

Sylvamo Stock Performance

SLVM traded down $1.09 during trading on Thursday, hitting $61.18. The stock had a trading volume of 288,620 shares, compared to its average volume of 361,345. The firm has a market cap of $2.52 billion, a PE ratio of 10.33, a P/E/G ratio of 0.36 and a beta of 1.10. Sylvamo Co. has a 12 month low of $37.59 and a 12 month high of $64.32. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 1.03. The company has a 50 day simple moving average of $56.19 and a 200-day simple moving average of $49.98.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.34. The firm had revenue of $964.00 million for the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.97 earnings per share. Analysts expect that Sylvamo Co. will post 5.75 EPS for the current year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, April 5th. Sylvamo's dividend payout ratio (DPR) is presently 20.27%.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $57.20, for a total transaction of $699,270.00. Following the completion of the transaction, the chief executive officer now owns 132,276 shares in the company, valued at $7,566,187.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the completion of the sale, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $57.20, for a total transaction of $699,270.00. Following the completion of the sale, the chief executive officer now owns 132,276 shares of the company's stock, valued at approximately $7,566,187.20. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock worth $1,618,664 over the last quarter. 0.33% of the stock is currently owned by company insiders.

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.