New York State Teachers Retirement System Reduces Position in Sylvamo Co. (NYSE:SLVM)

New York State Teachers Retirement System lessened its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,529 shares of the company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned 0.12% of Sylvamo worth $3,914,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Sylvamo by 430.8% in the 3rd quarter. Creative Planning now owns 41,017 shares of the company’s stock worth $3,521,000 after acquiring an additional 33,289 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Sylvamo by 324.9% in the 3rd quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock worth $298,000 after acquiring an additional 2,658 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Sylvamo by 6.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,568 shares of the company’s stock worth $8,977,000 after acquiring an additional 5,890 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Sylvamo in the 3rd quarter worth approximately $234,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock worth $5,931,000 after acquiring an additional 68,068 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Down 2.1 %

Shares of NYSE:SLVM opened at $69.76 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 2.33 and a beta of 1.12. The firm’s 50-day simple moving average is $78.55 and its 200-day simple moving average is $81.41. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a fifty-two week low of $54.59 and a fifty-two week high of $98.02.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. As a group, equities research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. Sylvamo’s payout ratio is 24.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SLVM shares. Royal Bank of Canada reduced their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Bank of America reiterated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

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.