US Bancorp DE Has $528,000 Stock Holdings in Sylvamo Co. (NYSE:SLVM)

US Bancorp DE lessened its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 30.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,148 shares of the company’s stock after selling 2,725 shares during the period. US Bancorp DE’s holdings in Sylvamo were worth $528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock valued at $28,000 after buying an additional 157 shares during the period. Independence Bank of Kentucky boosted its stake in Sylvamo by 6,733.3% in the 2nd 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 period. Fifth Third Bancorp boosted its stake 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 boosted its stake in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after purchasing an additional 239 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sylvamo Stock Down 0.3 %

Shares of SLVM stock opened at $95.44 on Tuesday. 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 firm’s 50-day moving average is $82.88 and its 200-day moving average is $74.82. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 5.11 and a beta of 1.08. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM) last issued its earnings results 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. The company 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%. Sylvamo’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. Sell-side analysts predict that Sylvamo Co. will post 7.4 EPS for the current year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a yield of 1.89%. 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.