Sylvamo Co. (NYSE:SLVM) Shares Acquired by KBC Group NV

KBC Group NV increased its position in Sylvamo Co. (NYSE:SLVM) by 80.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,836 shares of the company’s stock after buying an additional 817 shares during the quarter. KBC Group NV’s holdings in Sylvamo were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sylvamo by 59.0% in 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 in the last quarter. Fifth Third Bancorp raised its position in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC raised its position 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 purchasing an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo during the third quarter worth about $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Bank of America reaffirmed an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Stock Performance

NYSE:SLVM opened at $78.40 on Friday. The firm has a 50-day moving average of $82.33 and a two-hundred day moving average of $81.45. 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 stock has a market cap of $3.22 billion, a P/E ratio of 12.19, a PEG ratio of 2.27 and a beta of 1.12. Sylvamo Co. has a 1-year low of $44.94 and a 1-year high of $98.02.

Sylvamo (NYSE:SLVM) last issued 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. 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 the consensus estimate of $960.47 million. During the same quarter in the prior year, the business posted $1.70 earnings per share. Sylvamo’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts expect that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Monday, January 6th. Sylvamo’s payout ratio is currently 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.