Sylvamo Co. (NYSE:SLVM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Sylvamo Co. (NYSE:SLVM - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,278 shares of the company's stock after acquiring an additional 4,394 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Sylvamo worth $2,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after buying an additional 403 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company's stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company's stock worth $58,000 after purchasing an additional 214 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sylvamo during the 3rd quarter worth about $82,000. Finally, Fortitude Family Office LLC raised its holdings in Sylvamo by 277.9% in the 4th quarter. Fortitude Family Office LLC now owns 1,678 shares of the company's stock valued at $133,000 after buying an additional 1,234 shares during the period. Hedge funds and other institutional investors own 91.16% of the company's stock.

Sylvamo Trading Down 1.4 %

Shares of SLVM stock traded down $0.83 on Wednesday, hitting $59.67. The stock had a trading volume of 370,052 shares, compared to its average volume of 327,429. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $2.43 billion, a P/E ratio of 8.28, a P/E/G ratio of 2.23 and a beta of 1.17. The company's 50 day moving average price is $63.93 and its 200-day moving average price is $76.42. Sylvamo Co. has a 1 year low of $54.94 and a 1 year high of $98.02.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Tuesday, April 8th. Sylvamo's dividend payout ratio is currently 24.97%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price target on shares of Sylvamo from $83.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred 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 transaction, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.74% of the company's stock.

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.