Stifel Financial Corp Sells 341 Shares of Sylvamo Co. (NYSE:SLVM)

Stifel Financial Corp reduced its stake in shares of Sylvamo Co. (NYSE:SLVM) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,933 shares of the company’s stock after selling 341 shares during the period. Stifel Financial Corp’s holdings in Sylvamo were worth $338,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Sylvamo by 83,084.0% during the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after purchasing an additional 2,301,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Sylvamo by 5.0% in 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 last quarter. FMR LLC lifted its position in Sylvamo by 4.4% in the 3rd quarter. FMR LLC now owns 724,391 shares of the company’s stock worth $62,189,000 after buying an additional 30,345 shares during the last quarter. American Century Companies Inc. boosted its stake in Sylvamo by 53.2% in the second 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 grew its position in Sylvamo by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 483,621 shares of the company’s stock valued at $33,176,000 after acquiring an additional 1,779 shares during the last quarter. 91.16% of the stock is owned by institutional investors.

Sylvamo Stock Performance

NYSE:SLVM opened at $79.46 on Friday. The firm has a market cap of $3.26 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. Sylvamo Co. has a fifty-two week low of $44.94 and a fifty-two week 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 business has a 50 day moving average price of $87.37 and a 200-day moving average price of $79.45.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 7.13% and a return on equity of 30.60%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Equities research analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, January 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, January 6th. Sylvamo’s payout ratio is 27.99%.

Analyst Ratings Changes

SLVM has been the subject of a number of recent research reports. Bank of America restated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti initiated 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.