Proficio Capital Partners LLC Purchases New Shares in Sylvamo Co. (NYSE:SLVM)

Proficio Capital Partners LLC acquired a new position in Sylvamo Co. (NYSE:SLVM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,278 shares of the company’s stock, valued at approximately $1,286,000.

Several other hedge funds have also added to or reduced their stakes in SLVM. GAMMA Investing LLC raised its position in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares during the period. 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 worth $58,000 after acquiring 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 worth $66,000 after acquiring an additional 772 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Sylvamo in the third quarter worth about $82,000. Finally, Fortitude Family Office LLC raised its position in Sylvamo by 277.9% in the fourth quarter. Fortitude Family Office LLC now owns 1,678 shares of the company’s stock worth $133,000 after acquiring an additional 1,234 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

SLVM has been the topic of several research reports. Royal Bank of Canada lowered their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Bank of America reiterated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Price Performance

SLVM opened at $67.04 on Friday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $75.54 and a 200-day moving average price of $81.12. Sylvamo Co. has a twelve month low of $56.20 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping 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%. Equities analysts expect that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.68%. Sylvamo’s dividend payout ratio is currently 24.97%.

Sylvamo 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.