Blue Trust Inc. Raises Stock Position in Sylvamo Co. (NYSE:SLVM)

Blue Trust Inc. increased its stake in Sylvamo Co. (NYSE:SLVM) by 224.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,284 shares of the company’s stock after acquiring an additional 7,808 shares during the quarter. Blue Trust Inc.’s holdings in Sylvamo were worth $969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sylvamo by 59.0% during the 3rd 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. Fifth Third Bancorp boosted its stake in Sylvamo by 40.9% during 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 boosted its stake in Sylvamo by 4,825.0% during 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 stake in Sylvamo during the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SLVM. Bank of America reaffirmed an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock.

Sylvamo Trading Up 0.0 %

Shares of SLVM stock opened at $79.34 on Wednesday. The company’s 50-day moving average price is $83.95 and its 200-day moving average price is $81.09. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.30 and a beta of 1.13. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. As a group, equities analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.27%. Sylvamo’s dividend payout ratio (DPR) is currently 27.99%.

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.