Sylvamo Co. (NYSE:SLVM) Shares Sold by RHS Financial LLC

RHS Financial LLC cut its stake in Sylvamo Co. (NYSE:SLVM) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,752 shares of the company’s stock after selling 135 shares during the quarter. RHS Financial LLC’s holdings in Sylvamo were worth $296,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC increased its holdings in Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after buying an additional 171 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after acquiring an additional 214 shares during the period. LRI Investments LLC raised its position in shares of Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after acquiring an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sylvamo during the 3rd quarter worth about $82,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Sidoti assumed coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company. 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.

Sylvamo Stock Down 1.4 %

SLVM stock opened at $80.05 on Friday. Sylvamo Co. has a 52 week low of $44.94 and a 52 week high of $98.02. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a 50-day simple moving average of $83.51 and a 200-day simple moving average of $81.17. The stock has a market capitalization of $3.28 billion, a P/E ratio of 12.45, a P/E/G ratio of 2.28 and a beta of 1.13.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. The company 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. Equities analysts forecast that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. Sylvamo’s payout ratio is currently 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.