Swiss National Bank Increases Stake in Sylvamo Co. (NYSE:SLVM)

Swiss National Bank grew its stake in Sylvamo Co. (NYSE:SLVM) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,500 shares of the company’s stock after purchasing an additional 300 shares during the period. Swiss National Bank owned about 0.17% of Sylvamo worth $5,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Sylvamo by 43.6% in the 4th 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 stake in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after buying an additional 214 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after buying an additional 218 shares in the last quarter. Wedmont Private Capital grew its stake in Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock valued at $281,000 after acquiring an additional 273 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock worth $363,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Up 1.3 %

Shares of SLVM opened at $66.21 on Tuesday. Sylvamo Co. has a 52-week low of $56.35 and a 52-week high of $98.02. The stock has a market cap of $2.68 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The firm’s fifty day moving average is $72.80 and its two-hundred day moving average is $80.25. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. Sylvamo’s payout ratio is 24.97%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by corporate insiders.

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.