Denali Advisors LLC Has $5.14 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Denali Advisors LLC trimmed its position in Sylvamo Co. (NYSE:SLVM) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,200 shares of the company’s stock after selling 5,700 shares during the period. Sylvamo makes up approximately 1.5% of Denali Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Denali Advisors LLC owned 0.20% of Sylvamo worth $5,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SLVM. Deutsche Bank AG grew its position in Sylvamo by 13.0% in the third quarter. Deutsche Bank AG now owns 19,430 shares of the company’s stock valued at $854,000 after purchasing an additional 2,230 shares in the last quarter. Invesco Ltd. raised its position in Sylvamo by 3.4% during the third quarter. Invesco Ltd. now owns 354,598 shares of the company’s stock worth $15,581,000 after acquiring an additional 11,624 shares in the last quarter. Mariner LLC acquired a new stake in Sylvamo in the third quarter valued at $742,000. Royal London Asset Management Ltd. grew its position in shares of Sylvamo by 60.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,823,426 shares of the company’s stock valued at $80,167,000 after acquiring an additional 690,117 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Sylvamo by 1.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 399,920 shares of the company’s stock worth $17,572,000 after purchasing an additional 6,785 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price objective on shares of Sylvamo from $56.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday, May 13th.

Sylvamo Trading Up 1.7 %

NYSE SLVM traded up $1.14 on Wednesday, hitting $69.14. The company’s stock had a trading volume of 213,618 shares, compared to its average volume of 344,328. The company’s 50-day moving average is $68.39 and its 200 day moving average is $59.21. The firm has a market cap of $2.84 billion, a PE ratio of 14.50, a PEG ratio of 0.34 and a beta of 1.07. Sylvamo Co. has a 1-year low of $37.59 and a 1-year high of $72.48. The company has a quick ratio of 1.09, a current ratio of 1.72 and a debt-to-equity ratio of 1.04.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 10th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. Sylvamo had a return on equity of 24.67% and a net margin of 5.40%. The company had revenue of $905.00 million during the quarter, compared to the consensus estimate of $864.38 million. During the same period last year, the company earned $2.51 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts predict that Sylvamo Co. will post 6.75 earnings per share for the current fiscal year.

Sylvamo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Monday, July 8th will be paid a $0.45 dividend. This is an increase from Sylvamo’s previous quarterly dividend of $0.30. This represents a $1.80 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, July 8th. Sylvamo’s payout ratio is 25.59%.

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.