Victory Capital Management Inc. Grows Position in Sylvamo Co. (NYSE:SLVM)

Victory Capital Management Inc. grew its position in shares of Sylvamo Co. (NYSE:SLVM) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,928 shares of the company’s stock after purchasing an additional 812 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Sylvamo worth $2,918,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new position in Sylvamo during the 3rd quarter worth approximately $222,000. Versor Investments LP purchased a new position in shares of Sylvamo in the 3rd quarter valued at approximately $230,000. Entropy Technologies LP purchased a new position in shares of Sylvamo in the 3rd quarter valued at approximately $211,000. Chesapeake Capital Corp IL lifted its stake in shares of Sylvamo by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 9,118 shares of the company’s stock valued at $773,000 after purchasing an additional 1,989 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Sylvamo in the 3rd quarter valued at approximately $760,000. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Up 2.8 %

Sylvamo stock opened at $65.42 on Monday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 2.23 and a beta of 1.15. The stock has a fifty day simple moving average of $74.15 and a two-hundred day simple moving average of $80.74. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Equities analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Insiders Place Their Bets

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the sale, the chief executive officer now owns 153,144 shares of the company’s stock, valued at $10,035,526.32. The trade was a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.