Sylvamo Co. (NYSE:SLVM) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in Sylvamo Co. (NYSE:SLVM) by 100.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,904 shares of the company’s stock after purchasing an additional 8,994 shares during the period. Sanctuary Advisors LLC’s holdings in Sylvamo were worth $1,627,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SLVM. CWM LLC increased its holdings in Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after buying an additional 157 shares during the period. Independence Bank of Kentucky increased its stake in shares of Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares during the period. Fifth Third Bancorp increased its stake in shares of Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after acquiring an additional 303 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Sylvamo by 116.6% during the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after purchasing an additional 239 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Sylvamo by 59.0% during the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after purchasing an additional 171 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sidoti began coverage on Sylvamo in a research note 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 Down 0.6 %

SLVM opened at $79.08 on Friday. The company has a fifty day moving average of $87.87 and a two-hundred day moving average of $78.93. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.92 and a beta of 1.08. Sylvamo Co. has a fifty-two week low of $44.94 and a fifty-two week high of $98.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72.

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

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, January 6th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.28%. 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.