953 Shares in Sylvamo Co. (NYSE:SLVM) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in Sylvamo Co. (NYSE:SLVM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 953 shares of the company’s stock, valued at approximately $82,000.

Several other large investors have also bought and sold shares of SLVM. CWM LLC grew its stake in shares of Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 157 shares during the period. Independence Bank of Kentucky boosted its holdings in Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 404 shares during the last quarter. Fifth Third Bancorp grew its position in Sylvamo by 149.3% in the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 303 shares during the period. Fortitude Family Office LLC raised its stake in Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after buying an additional 239 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Sylvamo by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after buying an additional 171 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Price Performance

Shares of Sylvamo stock opened at $81.09 on Friday. The stock’s fifty day moving average is $87.82 and its 200 day moving average is $79.00. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02. 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 stock has a market cap of $3.33 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.92 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Sell-side analysts anticipate that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, January 6th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, January 6th. Sylvamo’s dividend payout ratio (DPR) is 27.99%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America reissued an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti assumed coverage on shares of Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the 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.