Sylvamo Co. (NYSE:SLVM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Sylvamo Co. (NYSE:SLVM) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,065 shares of the company’s stock after selling 254 shares during the period. Yousif Capital Management LLC’s holdings in Sylvamo were worth $1,032,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SLVM. GAMMA Investing LLC grew its stake in shares of Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares in the last quarter. Fortitude Family Office LLC grew its stake 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 purchasing an additional 239 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Sylvamo by 7.9% in the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock worth $281,000 after purchasing an additional 273 shares in the last quarter. Finally, Highland Capital Management LLC grew its stake in shares of Sylvamo by 9.6% in the third quarter. Highland Capital Management LLC now owns 3,950 shares of the company’s stock worth $339,000 after purchasing an additional 347 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SLVM. Royal Bank of Canada decreased their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday. Bank of America reaffirmed an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

Sylvamo Price Performance

NYSE:SLVM opened at $71.93 on Friday. The business’s 50-day moving average price is $80.39 and its 200 day moving average price is $81.46. The firm has a market cap of $2.95 billion, a P/E ratio of 11.19, a PEG ratio of 2.22 and a beta of 1.12. Sylvamo Co. has a 52-week low of $50.00 and a 52-week high of $98.02. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo (NYSE:SLVM) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. As a group, sell-side analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. Sylvamo’s dividend 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.