Sylvamo Co. (NYSE:SLVM) Shares Bought by Algert Global LLC

Algert Global LLC grew its holdings in Sylvamo Co. (NYSE:SLVM - Free Report) by 87.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,254 shares of the company's stock after acquiring an additional 8,964 shares during the period. Algert Global LLC's holdings in Sylvamo were worth $1,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. LSV Asset Management grew its stake in shares of Sylvamo by 3.8% during the fourth quarter. LSV Asset Management now owns 1,791,684 shares of the company's stock valued at $141,579,000 after buying an additional 66,180 shares during the last quarter. First Trust Advisors LP grew its position in Sylvamo by 39.7% during the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company's stock worth $93,045,000 after purchasing an additional 334,792 shares during the period. American Century Companies Inc. boosted its stake in shares of Sylvamo by 15.2% during the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company's stock worth $80,289,000 after acquiring an additional 134,066 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sylvamo by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 923,792 shares of the company's stock worth $73,011,000 after acquiring an additional 7,795 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Sylvamo by 16.6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company's stock valued at $40,139,000 after buying an additional 72,226 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Trading Up 5.7%

Shares of NYSE SLVM traded up $3.03 during midday trading on Tuesday, reaching $55.93. 383,594 shares of the stock were exchanged, compared to its average volume of 330,305. The company has a 50 day simple moving average of $62.09 and a 200 day simple moving average of $74.75. The stock has a market capitalization of $2.28 billion, a P/E ratio of 7.76, a PEG ratio of 2.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo Co. has a twelve month low of $51.60 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.68 earnings per share (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 firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $819.61 million. During the same quarter in the prior year, the business earned $1.07 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, April 8th. Sylvamo's dividend payout ratio is currently 26.32%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Monday.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.74% of the company's stock.

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.