16,278 Shares in Sylvamo Co. (NYSE:SLVM) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Sylvamo Co. (NYSE:SLVM) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,278 shares of the company’s stock, valued at approximately $1,286,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLVM. GAMMA Investing LLC raised its holdings in shares of 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 raised its holdings in shares of Sylvamo by 40.9% during 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 during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after acquiring an additional 218 shares during the period. Wedmont Private Capital raised its holdings in shares of Sylvamo by 7.9% during the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock valued at $281,000 after acquiring an additional 273 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Sylvamo by 7.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock valued at $363,000 after acquiring an additional 300 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Down 1.3 %

Sylvamo stock opened at $65.65 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 9.11, a P/E/G ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The firm’s 50 day moving average price is $73.24 and its two-hundred day moving average price is $80.36. Sylvamo Co. has a twelve month low of $56.35 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating 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, research analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio is 24.97%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SLVM. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada dropped 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.

Insiders Place Their Bets

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

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.