Kimelman & Baird LLC Sells 408 Shares of Sylvamo Co. (NYSE:SLVM)

Kimelman & Baird LLC trimmed its stake in Sylvamo Co. (NYSE:SLVM) by 35.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727 shares of the company’s stock after selling 408 shares during the period. Kimelman & Baird LLC’s holdings in Sylvamo were worth $57,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after purchasing an additional 403 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sylvamo by 43.6% in the fourth 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 boosted its stake in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares in the last quarter. LRI Investments LLC boosted its stake in 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 purchasing an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the third quarter worth $82,000. 91.16% of the stock is currently owned by institutional investors.

Insider Activity at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at $10,035,526.32. This represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on SLVM. Royal Bank of Canada reduced their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Bank of America reaffirmed an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Trading Up 2.8 %

Shares of SLVM opened at $65.42 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 12-month low of $56.20 and a 12-month high of $98.02. The firm has a market capitalization of $2.65 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The stock’s fifty day simple moving average is $74.15 and its 200-day simple moving average is $80.74.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. As a group, research analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.75%. Sylvamo’s dividend payout ratio is presently 24.97%.

About Sylvamo

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.