Janney Montgomery Scott LLC Sells 3,146 Shares of Sylvamo Co. (NYSE:SLVM)

Janney Montgomery Scott LLC lowered its stake in Sylvamo Co. (NYSE:SLVM) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,359 shares of the company’s stock after selling 3,146 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Sylvamo worth $2,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLVM. Fortitude Family Office LLC lifted its holdings in shares of Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after buying an additional 239 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares during the last quarter. LRI Investments LLC raised its stake in shares of Sylvamo by 4,825.0% during the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after acquiring an additional 772 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sylvamo in the 3rd quarter worth $82,000. Finally, Capital Advisors Inc. OK bought a new position in Sylvamo during the 3rd quarter worth about $201,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SLVM shares. Bank of America restated an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on shares of Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock.

Sylvamo Price Performance

Shares of Sylvamo stock opened at $80.05 on Friday. The business has a 50-day moving average price of $83.51 and a 200 day moving average price of $81.17. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02. The firm has a market cap of $3.28 billion, a PE ratio of 12.45, a P/E/G ratio of 2.28 and a beta of 1.13. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Sell-side analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio is currently 27.99%.

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.