International Assets Investment Management LLC Has $1.52 Million Position in Sylvamo Co. (NYSE:SLVM)

International Assets Investment Management LLC increased its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 4,871.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,923 shares of the company's stock after buying an additional 30,301 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of Sylvamo worth $1,519,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SLVM. Hollencrest Capital Management raised its position in Sylvamo by 170.2% in the third quarter. Hollencrest Capital Management now owns 981 shares of the company's stock valued at $43,000 after purchasing an additional 618 shares during the period. Gallacher Capital Management LLC purchased a new stake in shares of Sylvamo during the third quarter worth $261,000. Donoghue Forlines LLC purchased a new stake in shares of Sylvamo during the third quarter worth $301,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sylvamo by 28.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company's stock worth $305,000 after acquiring an additional 1,522 shares during the period. Finally, U S Global Investors Inc. purchased a new stake in shares of Sylvamo during the fourth quarter worth $393,000. Hedge funds and other institutional investors own 91.16% of the company's stock.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 10,535 shares of the company's stock, valued at $580,373.15. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Jeanmichel Ribieras sold 12,225 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $57.20, for a total value of $699,270.00. Following the sale, the chief executive officer now directly owns 132,276 shares in the company, valued at $7,566,187.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peggy Maes sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders sold 26,951 shares of company stock valued at $1,618,664. Corporate insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on Sylvamo from $56.00 to $63.00 and gave the stock a "sector perform" rating in a research report on Monday.

Sylvamo Stock Up 0.9 %

Shares of SLVM stock traded up $0.60 on Wednesday, reaching $70.30. 316,074 shares of the stock were exchanged, compared to its average volume of 341,937. The company has a current ratio of 1.72, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The business's 50 day moving average price is $61.62 and its 200 day moving average price is $53.88. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.34 and a beta of 1.08. Sylvamo Co. has a twelve month low of $37.59 and a twelve month high of $71.60.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its quarterly earnings results on Friday, May 10th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. The firm had revenue of $905.00 million during the quarter, compared to analysts' expectations of $864.38 million. Sylvamo had a net margin of 5.40% and a return on equity of 24.67%. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. As a group, sell-side analysts expect that Sylvamo Co. will post 6.75 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 8th were issued a $0.30 dividend. The ex-dividend date was Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. Sylvamo's dividend payout ratio (DPR) is presently 25.59%.

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.