2,728 Shares in Sylvamo Co. (NYSE:SLVM) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in Sylvamo Co. (NYSE:SLVM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,728 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Sylvamo by 2.8% during the second quarter. Bank of Montreal Can now owns 5,666 shares of the company’s stock worth $389,000 after acquiring an additional 154 shares during the period. CWM LLC increased its holdings in Sylvamo by 62.5% during the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after purchasing an additional 157 shares during the period. GAMMA Investing LLC increased its holdings in Sylvamo by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares during the period. SummerHaven Investment Management LLC raised its position in Sylvamo by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,976 shares of the company’s stock valued at $1,165,000 after purchasing an additional 216 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after buying an additional 303 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

SLVM has been the subject of several recent research reports. Sidoti assumed coverage on shares of Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company. Bank of America upped their target price on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada lifted their price target on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th.

Sylvamo Stock Performance

Shares of NYSE:SLVM opened at $93.00 on Friday. The business’s 50 day moving average price is $82.25 and its 200-day moving average price is $74.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The firm has a market capitalization of $3.81 billion, a PE ratio of 16.92, a P/E/G ratio of 4.56 and a beta of 1.08. Sylvamo Co. has a 1 year low of $43.94 and a 1 year high of $95.11.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Friday, August 9th. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.58 by $0.40. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $937.56 million. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. As a group, equities research analysts expect that Sylvamo Co. will post 7.4 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, October 3rd. Sylvamo’s payout ratio is currently 32.55%.

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.