Sylvamo Co. (NYSE:SLVM) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its position in Sylvamo Co. (NYSE:SLVM) by 21.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,900 shares of the company’s stock after purchasing an additional 873 shares during the period. CWA Asset Management Group LLC’s holdings in Sylvamo were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLVM. Pacer Advisors Inc. grew its position in shares of Sylvamo by 83,084.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after acquiring an additional 2,301,427 shares in the last quarter. State Street Corp boosted its holdings in Sylvamo by 0.9% in the third quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after purchasing an additional 12,181 shares during the period. Dimensional Fund Advisors LP increased its stake in Sylvamo by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock valued at $90,276,000 after purchasing an additional 62,157 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sylvamo by 3.1% during the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company’s stock worth $78,652,000 after purchasing an additional 27,859 shares during the period. Finally, FMR LLC lifted its position in shares of Sylvamo by 4.4% in the 3rd quarter. FMR LLC now owns 724,391 shares of the company’s stock worth $62,189,000 after buying an additional 30,345 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analysts Set New Price Targets

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

Sylvamo Stock Up 0.8 %

Shares of SLVM stock opened at $77.09 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. The stock has a market cap of $3.16 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 2.92 and a beta of 1.13. The business’s fifty day moving average is $86.29 and its 200-day moving average is $79.96. Sylvamo Co. has a 1 year low of $44.94 and a 1 year high of $98.02.

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

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, January 6th will be given a $0.45 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.33%. Sylvamo’s dividend payout ratio (DPR) is 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.