Northern Trust Corp Has $31.92 Million Stake in Sylvamo Co. (NYSE:SLVM)

Northern Trust Corp boosted its stake in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,900 shares of the company's stock after purchasing an additional 25,934 shares during the period. Northern Trust Corp owned approximately 0.98% of Sylvamo worth $31,916,000 at the end of the most recent reporting period.

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

Sylvamo Stock Up 0.8%

SLVM stock traded up $0.42 during trading hours on Friday, hitting $56.35. The company's stock had a trading volume of 73,419 shares, compared to its average volume of 329,629. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.29 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.18. Sylvamo Co. has a 12 month low of $51.60 and a 12 month high of $98.02. The stock has a 50 day moving average price of $61.45 and a two-hundred day moving average price of $74.29.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $819.61 million. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. The business's revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Tuesday, April 8th. Sylvamo's dividend payout ratio is currently 26.32%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company's stock, valued at $8,591,575.16. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by insiders.

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.