Jeanmichel Ribieras Sells 21,250 Shares of Sylvamo Co. (NYSE:SLVM) Stock

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.53, for a total value of $1,392,512.50. Following the transaction, the chief executive officer now directly owns 153,144 shares in the company, valued at $10,035,526.32. The trade was a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sylvamo Trading Down 2.1 %

NYSE:SLVM opened at $63.57 on Friday. Sylvamo Co. has a one year low of $56.20 and a one year high of $98.02. The business has a fifty day moving average price of $74.43 and a 200-day moving average price of $80.79. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Sell-side analysts forecast that Sylvamo Co. will post 7.45 EPS for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.83%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio is currently 24.97%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Sylvamo

A number of hedge funds have recently modified their holdings of SLVM. Summit Investment Advisors Inc. lifted its stake in shares of Sylvamo by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company’s stock valued at $288,000 after buying an additional 193 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp lifted its position in shares of 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 boosted its stake in shares of 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 period. Finally, NDVR Inc. grew its position in shares of Sylvamo by 9.2% during the fourth quarter. NDVR Inc. now owns 3,196 shares of the company’s stock worth $253,000 after purchasing an additional 268 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

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.