State of New Jersey Common Pension Fund D Sells 814 Shares of Sylvamo Co. (NYSE:SLVM)

State of New Jersey Common Pension Fund D decreased its stake in shares of Sylvamo Co. (NYSE:SLVM) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,212 shares of the company’s stock after selling 814 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Sylvamo worth $1,913,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SLVM. Fortitude Family Office LLC raised its stake in Sylvamo by 116.6% in the 3rd 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. GAMMA Investing LLC increased its holdings in shares of Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares during the period. Fifth Third Bancorp raised its position in shares of 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 buying an additional 214 shares in the last quarter. LRI Investments LLC boosted its stake in shares of 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 period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo during the third quarter worth approximately $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SLVM. Bank of America reaffirmed an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $68.05 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a one year low of $55.50 and a one year high of $98.02. The business has a 50-day simple moving average of $77.76 and a 200 day simple moving average of $81.64. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.23 and a beta of 1.12.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data 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 net margin of 7.96% and a return on equity of 34.72%. On average, research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared 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 dividend yield of 2.65%. Sylvamo’s dividend payout ratio (DPR) is presently 24.97%.

Sylvamo Company 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.