Sylvamo Co. (NYSE:SLVM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in Sylvamo Co. (NYSE:SLVM) by 31.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,209 shares of the company’s stock after selling 1,489 shares during the period. Corient Private Wealth LLC’s holdings in Sylvamo were worth $254,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp raised its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Sylvamo by 12.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock worth $159,000 after acquiring an additional 218 shares during the last quarter. Wedmont Private Capital increased its position in shares of 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 purchasing an additional 273 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Sylvamo by 7.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock valued at $363,000 after purchasing an additional 300 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Trading Down 0.0 %

NYSE SLVM opened at $67.19 on Tuesday. The firm’s fifty day moving average price is $71.65 and its 200 day moving average price is $80.01. Sylvamo Co. has a 12 month low of $56.35 and a 12 month high of $98.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on SLVM. Royal Bank of Canada lowered their target price on shares of 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 issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th.

Insider Buying and Selling at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Sylvamo Company 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.