Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras Sells 21,250 Shares of Stock

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jeanmichel Ribieras also recently made the following trade(s):

• On Monday, March 10th, Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50.

Sylvamo Stock Up 0.7 %

Shares of Sylvamo stock opened at $66.04 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. Sylvamo Co. has a 52-week low of $56.34 and a 52-week high of $98.02. The company’s 50 day moving average price is $73.68 and its 200-day moving average price is $80.56. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.23 and a beta of 1.15.

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

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.73%. Sylvamo’s dividend payout ratio is presently 24.97%.

Analyst Ratings Changes

Several research firms have weighed in on SLVM. Royal Bank of Canada lowered their price target on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Bank of America reissued an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Institutional Investors Weigh In On Sylvamo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sylvamo by 11.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company’s stock valued at $360,000 after acquiring an additional 481 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sylvamo during the 4th quarter valued at $2,428,000. Jefferies Financial Group Inc. bought a new position in Sylvamo in the 4th quarter worth $4,752,000. Polar Asset Management Partners Inc. raised its holdings in Sylvamo by 4.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 36,300 shares of the company’s stock worth $2,868,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Vise Technologies Inc. boosted its stake in shares of Sylvamo by 7.7% during the 4th quarter. Vise Technologies Inc. now owns 8,447 shares of the company’s stock valued at $667,000 after purchasing an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.