International Assets Investment Management LLC Purchases 30,301 Shares of Sylvamo Co. (NYSE:SLVM)

International Assets Investment Management LLC grew its position in shares of Sylvamo Co. (NYSE:SLVM) by 4,871.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,923 shares of the company’s stock after purchasing an additional 30,301 shares during the quarter. International Assets Investment Management LLC’s holdings in Sylvamo were worth $1,519,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in Sylvamo by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,309,598 shares of the company’s stock worth $214,773,000 after acquiring an additional 15,809 shares during the last quarter. Vanguard Group Inc. grew its position in Sylvamo by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,620,331 shares of the company’s stock worth $115,137,000 after acquiring an additional 78,279 shares during the last quarter. First Trust Advisors LP bought a new position in Sylvamo during the 1st quarter worth approximately $69,597,000. Royal London Asset Management Ltd. grew its position 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 acquiring an additional 690,117 shares during the last quarter. Finally, LSV Asset Management grew its position in Sylvamo by 2.7% during the 3rd quarter. LSV Asset Management now owns 1,810,695 shares of the company’s stock worth $79,562,000 after acquiring an additional 48,047 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

Insider Activity

In other Sylvamo news, SVP Peggy Maes sold 1,500 shares of Sylvamo stock in a transaction on Monday, March 11th. The stock was sold at an average price of $63.20, for a total transaction of $94,800.00. Following the completion of the transaction, the senior vice president now owns 11,249 shares in the company, valued at $710,936.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,225 shares of Sylvamo stock in a transaction on Monday, March 18th. The stock was sold at an average price of $57.20, for a total transaction of $699,270.00. Following the completion of the transaction, the chief executive officer now owns 132,276 shares in the company, valued at $7,566,187.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Peggy Maes sold 1,500 shares of Sylvamo stock in a transaction on Monday, March 11th. The stock was sold at an average price of $63.20, for a total value of $94,800.00. Following the completion of the sale, the senior vice president now directly owns 11,249 shares of the company’s stock, valued at approximately $710,936.80. The disclosure for this sale can be found here. Insiders sold a total of 26,951 shares of company stock worth $1,618,664 in the last quarter. 0.75% of the stock is owned by company insiders.

Sylvamo Price Performance

Shares of SLVM stock opened at $58.46 on Monday. The firm has a market cap of $2.42 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.34 and a beta of 1.10. Sylvamo Co. has a fifty-two week low of $37.59 and a fifty-two week high of $64.32. The business’s 50 day moving average price is $58.72 and its 200-day moving average price is $51.29. 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 (NYSE:SLVM) last issued its quarterly earnings data on Thursday, February 15th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.34. The firm had revenue of $964.00 million for the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.97 EPS. On average, equities research analysts anticipate that Sylvamo Co. will post 6.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, April 5th. Sylvamo’s payout ratio is presently 20.27%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $55.00 price objective (up from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

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.