SG Americas Securities LLC Has $1.17 Million Holdings in Sylvamo Co. (NYSE:SLVM)

SG Americas Securities LLC reduced its holdings in Sylvamo Co. (NYSE:SLVMFree Report) by 48.0% during the 4th quarter, Holdings Channel reports. The fund owned 23,914 shares of the company’s stock after selling 22,060 shares during the quarter. SG Americas Securities LLC’s holdings in Sylvamo were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP acquired a new position in Sylvamo during the 1st quarter worth $69,597,000. Royal London Asset Management Ltd. lifted its holdings in Sylvamo by 60.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,823,426 shares of the company’s stock worth $80,167,000 after buying an additional 690,117 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Sylvamo by 111.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 751,717 shares of the company’s stock worth $34,774,000 after buying an additional 396,375 shares in the last quarter. Norges Bank acquired a new position in Sylvamo during the 4th quarter worth $18,292,000. Finally, Millennium Management LLC lifted its holdings in Sylvamo by 182.5% during the 4th quarter. Millennium Management LLC now owns 402,370 shares of the company’s stock worth $19,551,000 after buying an additional 259,940 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. TheStreet upgraded shares of Sylvamo from a “c+” rating to a “b” rating in a research report on Wednesday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $55.00 target price (up previously from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

Read Our Latest Report on SLVM

Insider Activity

In other news, SVP Peggy Maes sold 1,000 shares of Sylvamo stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total value of $55,090.00. Following the sale, the senior vice president now owns 10,535 shares in the company, valued at approximately $580,373.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeanmichel Ribieras sold 12,225 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $57.20, for a total value of $699,270.00. Following the completion of the sale, the chief executive officer now owns 132,276 shares in the company, valued at approximately $7,566,187.20. The disclosure for this sale can be found here. Insiders have sold 26,951 shares of company stock worth $1,618,664 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $61.74 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.14 and a current ratio of 1.72. Sylvamo Co. has a 52 week low of $37.59 and a 52 week high of $64.32. The firm has a fifty day moving average of $55.16 and a two-hundred day moving average of $49.47. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.36 and a beta of 1.11.

Sylvamo (NYSE:SLVMGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The firm had revenue of $964.00 million during the quarter, compared to analysts’ expectations of $903.72 million. During the same period in the previous year, the firm earned $1.97 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Sylvamo Co. will post 5.75 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is presently 20.27%.

About Sylvamo

(Free Report)

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.

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Institutional Ownership by Quarter for Sylvamo (NYSE:SLVM)

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