Charles Schwab Investment Management Inc. Has $35.78 Million Stock Position in Sylvamo Co. (NYSE:SLVM)

Charles Schwab Investment Management Inc. reduced its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 728,654 shares of the company's stock after selling 12,776 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.75% of Sylvamo worth $35,784,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Hollencrest Capital Management raised its stake in shares of Sylvamo by 170.2% during the third quarter. Hollencrest Capital Management now owns 981 shares of the company's stock worth $43,000 after buying an additional 618 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Sylvamo in the 4th quarter valued at $219,000. Gallacher Capital Management LLC bought a new position in shares of Sylvamo in the 3rd quarter worth $261,000. Donoghue Forlines LLC acquired a new stake in shares of Sylvamo during the third quarter worth $301,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sylvamo by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company's stock valued at $305,000 after purchasing an additional 1,522 shares during the last quarter. Institutional investors own 91.16% of the company's stock.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 12,226 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $62.94, for a total transaction of $769,504.44. Following the completion of the transaction, the chief executive officer now directly owns 144,501 shares of the company's stock, valued at $9,094,892.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jeanmichel Ribieras sold 12,226 shares of Sylvamo stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $62.94, for a total value of $769,504.44. Following the sale, the chief executive officer now directly owns 144,501 shares in the company, valued at $9,094,892.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peggy Maes sold 1,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares of the company's stock, valued at approximately $580,373.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,951 shares of company stock valued at $1,618,664. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their target price on Sylvamo from $56.00 to $63.00 and gave the stock a "sector perform" rating in a report on Monday, May 13th.

Sylvamo Trading Down 0.2 %

SLVM traded down $0.11 during mid-day trading on Tuesday, hitting $71.71. The stock had a trading volume of 184,293 shares, compared to its average volume of 335,313. Sylvamo Co. has a 1-year low of $37.59 and a 1-year high of $72.36. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.72 and a quick ratio of 1.09. The stock's fifty day simple moving average is $62.50 and its 200-day simple moving average is $54.79.

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

Sylvamo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Monday, July 8th will be given a dividend of $0.45 per share. This is an increase from Sylvamo's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.51%. Sylvamo's dividend payout ratio is currently 25.59%.

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.