Sylvamo Co. (NYSE:SLVM) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,473 shares of the company’s stock after acquiring an additional 1,006 shares during the period. HighTower Advisors LLC’s holdings in Sylvamo were worth $1,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLVM. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after buying an additional 403 shares in the last quarter. GAMMA Investing LLC increased its stake in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp raised its holdings 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 buying an additional 214 shares during the period. LRI Investments LLC lifted its position in shares of Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after acquiring an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sylvamo in the third quarter valued at $82,000. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Performance

NYSE:SLVM opened at $66.21 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 1 year low of $56.35 and a 1 year high of $98.02. The firm’s fifty day simple moving average is $72.80 and its 200 day simple moving average is $80.25. The firm has a market capitalization of $2.68 billion, a PE ratio of 9.18, a PEG ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is presently 24.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in 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. Royal Bank of Canada dropped their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’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 transaction of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by insiders.

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.