Capital Advisors Inc. OK Acquires Shares of 2,347 Sylvamo Co. (NYSE:SLVM)

Capital Advisors Inc. OK bought a new position in shares of Sylvamo Co. (NYSE:SLVM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,347 shares of the company’s stock, valued at approximately $201,000.

Several other large investors also recently modified their holdings of SLVM. Vanguard Group Inc. grew its position in shares of Sylvamo by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,692,101 shares of the company’s stock worth $132,209,000 after buying an additional 71,770 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Sylvamo by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company’s stock valued at $795,000 after acquiring an additional 547 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Sylvamo by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 30,912 shares of the company’s stock valued at $1,909,000 after purchasing an additional 400 shares during the period. Duality Advisers LP bought a new position in Sylvamo in the 1st quarter worth $261,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Sylvamo in the 1st quarter worth about $586,000. 91.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SLVM shares. Bank of America increased their price target on shares of Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Sidoti initiated coverage on Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $85.00 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.68. The company has a 50 day simple moving average of $81.58 and a two-hundred day simple moving average of $73.61. Sylvamo Co. has a fifty-two week low of $43.94 and a fifty-two week high of $88.42. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 4.54 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.40. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The business had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $937.56 million. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts expect that Sylvamo Co. will post 7.4 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.12%. Sylvamo’s dividend payout ratio is currently 32.55%.

About Sylvamo

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.