Sylvamo Co. (NYSE:SLVM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Sylvamo Co. (NYSE:SLVM) by 10.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,188 shares of the company’s stock after selling 8,743 shares during the period. Segall Bryant & Hamill LLC’s holdings in Sylvamo were worth $6,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock valued at $174,771,000 after purchasing an additional 138,655 shares during the period. Dimensional Fund Advisors LP increased its stake in Sylvamo by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock worth $90,276,000 after buying an additional 62,157 shares during the period. SG Americas Securities LLC acquired a new position in Sylvamo in the 2nd quarter worth $62,101,000. American Century Companies Inc. lifted its holdings in Sylvamo by 53.2% in the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock worth $45,479,000 after buying an additional 230,291 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Sylvamo by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 483,621 shares of the company’s stock valued at $33,176,000 after buying an additional 1,779 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Up 1.5 %

NYSE:SLVM opened at $88.70 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02. The stock has a 50-day simple moving average of $84.98 and a 200 day simple moving average of $76.14.

Sylvamo (NYSE:SLVM) last issued its earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Sell-side analysts predict that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.03%. Sylvamo’s payout ratio is 27.99%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Bank of America increased their target price on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Finally, Sidoti started coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company.

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.