Sylvamo Co. (NYSE:SLVM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Sylvamo Co. (NYSE:SLVM) by 63.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,352 shares of the company’s stock after selling 152,819 shares during the period. JPMorgan Chase & Co. owned 0.21% of Sylvamo worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SLVM. Fortitude Family Office LLC lifted its holdings 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. GAMMA Investing LLC lifted its stake in Sylvamo by 59.0% in the third 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 last quarter. LRI Investments LLC lifted its stake in Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after buying an additional 772 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Sylvamo in the second quarter valued at approximately $78,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SLVM shares. Sidoti assumed coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target for the company. Bank of America reiterated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Price Performance

Sylvamo stock opened at $78.45 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The business has a 50 day simple moving average of $85.60 and a 200-day simple moving average of $80.29. Sylvamo Co. has a 12 month low of $44.94 and a 12 month high of $98.02. The stock has a market capitalization of $3.22 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 2.92 and a beta of 1.13.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, January 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, January 6th. Sylvamo’s dividend payout ratio is presently 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.