Crossmark Global Holdings Inc. Invests $222,000 in Sylvamo Co. (NYSE:SLVM)

Crossmark Global Holdings Inc. bought a new stake in Sylvamo Co. (NYSE:SLVM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,578 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Sylvamo by 2.8% in the second quarter. Bank of Montreal Can now owns 5,666 shares of the company’s stock valued at $389,000 after purchasing an additional 154 shares during the period. CWM LLC boosted its holdings 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. GAMMA Investing LLC increased its position in 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 purchasing an additional 171 shares during the period. SummerHaven Investment Management LLC raised its holdings in Sylvamo by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,976 shares of the company’s stock worth $1,165,000 after purchasing an additional 216 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sylvamo Price Performance

SLVM stock opened at $85.52 on Tuesday. Sylvamo Co. has a 1 year low of $44.94 and a 1 year high of $98.02. The stock has a market capitalization of $3.51 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 4.73 and a beta of 1.08. The company’s 50-day moving average is $84.17 and its 200-day moving average is $75.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.05.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.47 million. During the same quarter last year, the firm posted $1.70 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts expect that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were issued 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 2.10%. Sylvamo’s payout ratio is 27.99%.

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.