Sylvamo Co. (NYSE:SLVM) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in Sylvamo Co. (NYSE:SLVM) by 88.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 705 shares of the company’s stock after selling 5,443 shares during the quarter. US Bancorp DE’s holdings in Sylvamo were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SLVM. Crossmark Global Holdings Inc. acquired a new stake in shares of Sylvamo in the 3rd quarter worth $222,000. Quest Partners LLC acquired a new stake in shares of Sylvamo during the 3rd quarter worth about $760,000. Intech Investment Management LLC acquired a new stake in shares of Sylvamo during the 3rd quarter worth about $1,633,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Sylvamo during the 3rd quarter worth about $3,046,000. Finally, Pacer Advisors Inc. increased its position in shares of Sylvamo by 83,084.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after purchasing an additional 2,301,427 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $66.04 on Wednesday. The business has a 50-day moving average of $73.68 and a 200 day moving average of $80.56. Sylvamo Co. has a 12 month low of $56.34 and a 12 month high of $98.02. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. 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 (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

Analyst Ratings Changes

SLVM has been the subject of a number of recent analyst reports. 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 reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by company insiders.

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.