Smartleaf Asset Management LLC Buys 403 Shares of Sylvamo Co. (NYSE:SLVM)

Smartleaf Asset Management LLC increased its stake in shares of Sylvamo Co. (NYSE:SLVM) by 182.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 624 shares of the company’s stock after buying an additional 403 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Sylvamo were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SLVM. Janney Montgomery Scott LLC lifted its position in shares of Sylvamo by 724.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock worth $3,220,000 after buying an additional 32,954 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Sylvamo during the 3rd quarter worth approximately $346,000. Assetmark Inc. lifted its position in shares of Sylvamo by 9.3% during the 3rd quarter. Assetmark Inc. now owns 25,966 shares of the company’s stock worth $2,229,000 after buying an additional 2,213 shares during the period. Sigma Planning Corp lifted its position in shares of Sylvamo by 6.9% during the 3rd quarter. Sigma Planning Corp now owns 7,550 shares of the company’s stock worth $648,000 after buying an additional 488 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Sylvamo during the 3rd quarter worth approximately $222,000. Institutional investors own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SLVM. Royal Bank of Canada cut their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Down 3.0 %

Shares of SLVM opened at $65.15 on Tuesday. The stock has a fifty day moving average price of $75.27 and a two-hundred day moving average price of $81.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo Co. has a 52-week low of $56.20 and a 52-week high of $98.02. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM) last released its earnings results 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 return on equity of 34.72% and a net margin of 7.96%. Analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.76%. Sylvamo’s dividend payout ratio (DPR) is currently 24.97%.

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.