Sigma Planning Corp Cuts Position in Sylvamo Co. (NYSE:SLVM)

Sigma Planning Corp trimmed its holdings in Sylvamo Co. (NYSE:SLVM) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,206 shares of the company’s stock after selling 231 shares during the quarter. Sigma Planning Corp’s holdings in Sylvamo were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLVM. Handelsbanken Fonder AB acquired a new stake in shares of Sylvamo in the third quarter valued at approximately $321,000. Maryland State Retirement & Pension System boosted its holdings in shares of Sylvamo by 5.4% in the third quarter. Maryland State Retirement & Pension System now owns 13,107 shares of the company’s stock valued at $576,000 after acquiring an additional 670 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Sylvamo by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 465,726 shares of the company’s stock valued at $20,464,000 after acquiring an additional 16,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sylvamo by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $305,000 after acquiring an additional 1,522 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Sylvamo by 2.6% in the third quarter. Strs Ohio now owns 19,500 shares of the company’s stock valued at $856,000 after acquiring an additional 500 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sylvamo news, SVP Peggy Maes sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 10,535 shares in the company, valued at $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 12,226 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $62.94, for a total value of $769,504.44. Following the completion of the transaction, the chief executive officer now owns 144,501 shares of the company’s stock, valued at approximately $9,094,892.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,951 shares of company stock worth $1,618,664. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price target (up previously from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

Sylvamo Price Performance

Sylvamo stock opened at $63.06 on Monday. Sylvamo Co. has a 12 month low of $37.59 and a 12 month high of $64.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. The business has a 50 day simple moving average of $59.89 and a 200-day simple moving average of $51.99. The stock has a market capitalization of $2.61 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.10.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.82 by $0.34. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business had revenue of $964.00 million during the quarter, compared to analysts’ expectations of $903.72 million. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts predict that Sylvamo Co. will post 6.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, April 5th. Sylvamo’s payout ratio is 20.27%.

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.