Sylvamo Co. (NYSE:SLVM) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its stake in shares of Sylvamo Co. (NYSE:SLVM) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,010 shares of the company’s stock after buying an additional 218 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sylvamo were worth $159,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after buying an additional 403 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 last quarter. Fifth Third Bancorp grew its stake in shares of Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the last quarter. LRI Investments LLC grew its stake in shares of Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after purchasing an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo in the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Stock Performance

Shares of SLVM opened at $65.42 on Friday. Sylvamo Co. has a one year low of $56.20 and a one year high of $98.02. The company has a 50-day moving average of $74.15 and a two-hundred day moving average of $80.71. The stock 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 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, topping 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%. On average, equities research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. This trade represents a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.