Bokf Na Has $1.10 Million Stake in Sylvamo Co. (NYSE:SLVM)

Bokf Na increased its holdings in Sylvamo Co. (NYSE:SLVM) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,029 shares of the company’s stock after buying an additional 4,720 shares during the period. Bokf Na’s holdings in Sylvamo were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLVM. CWM LLC increased its stake in Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company’s stock valued at $28,000 after acquiring an additional 157 shares during the last quarter. Independence Bank of Kentucky increased its stake in Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares during the last quarter. Fifth Third Bancorp increased its stake in Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 303 shares during the last quarter. Lazard Asset Management LLC bought a new position in Sylvamo in the first quarter valued at approximately $45,000. Finally, Blue Trust Inc. increased its stake in Sylvamo by 534.1% in the second quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $56,000 after acquiring an additional 689 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America reissued a “neutral” rating and issued a $82.00 price objective (up from $71.00) on shares of Sylvamo in a research note on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th.

Sylvamo Stock Performance

NYSE SLVM opened at $76.92 on Monday. The firm’s fifty day moving average price is $73.49 and its two-hundred day moving average price is $67.97. The stock has a market cap of $3.15 billion, a PE ratio of 16.40, a PEG ratio of 4.41 and a beta of 1.07. Sylvamo Co. has a fifty-two week low of $40.69 and a fifty-two week high of $81.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.68.

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

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.