Sylvamo Co. (NYSE:SLVM) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Sylvamo Co. (NYSE:SLVM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 343,216 shares of the company’s stock after selling 6,077 shares during the quarter. Royce & Associates LP owned 0.84% of Sylvamo worth $27,121,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC raised its position in shares of Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock valued at $1,929,000 after purchasing an additional 13,512 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Sylvamo by 473.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,587,000 after acquiring an additional 15,247 shares in the last quarter. Citigroup Inc. grew its stake in Sylvamo by 67.0% during the 3rd quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock worth $3,994,000 after buying an additional 18,657 shares during the last quarter. GAMMA Investing LLC grew its stake in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after buying an additional 201 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Sylvamo by 47.4% in the third quarter. Martingale Asset Management L P now owns 51,137 shares of the company’s stock worth $4,390,000 after purchasing an additional 16,450 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Trading Up 2.8 %

Shares of SLVM stock opened at $65.42 on Monday. Sylvamo Co. has a fifty-two week low of $56.20 and a fifty-two week high of $98.02. The stock has a market capitalization of $2.65 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $74.15 and a 200 day simple moving average of $80.74.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio is currently 24.97%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SLVM. Royal Bank of Canada decreased their price target on 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 reaffirmed an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Insider Buying and Selling

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the transaction, the chief executive officer now owns 153,144 shares of the company’s stock, valued at approximately $10,035,526.32. This represents a 12.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

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.