Sylvamo Co. (NYSE:SLVM) Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its holdings in Sylvamo Co. (NYSE:SLVM) by 75.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,537 shares of the company’s stock after buying an additional 13,086 shares during the period. Vest Financial LLC owned about 0.07% of Sylvamo worth $2,413,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SLVM has been the topic of several research analyst reports. Bank of America reiterated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock.

Sylvamo Price Performance

SLVM stock opened at $76.91 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.15 billion, a P/E ratio of 11.96, a PEG ratio of 2.22 and a beta of 1.12. The business has a 50 day simple moving average of $81.76 and a 200-day simple moving average of $81.46. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. During the same period in the previous year, the business posted $1.70 earnings per share. Sylvamo’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. Sylvamo’s payout ratio is 27.99%.

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.