JPMorgan Chase & Co. Increases Stock Holdings in Sylvamo Co. (NYSE:SLVM)

JPMorgan Chase & Co. boosted its stake in Sylvamo Co. (NYSE:SLVM) by 62.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,524 shares of the company’s stock after acquiring an additional 54,172 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Sylvamo worth $11,183,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLVM. HighTower Advisors LLC lifted its position in shares of Sylvamo by 473.5% during the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,247 shares in the last quarter. State Street Corp lifted its holdings in Sylvamo by 0.9% in the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after buying an additional 12,181 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in Sylvamo by 5.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,046 shares of the company’s stock valued at $777,000 after buying an additional 431 shares during the last quarter. Barclays PLC grew its stake in shares of Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company’s stock valued at $5,360,000 after acquiring an additional 47,730 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Sylvamo by 3.1% during the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company’s stock worth $78,652,000 after acquiring an additional 27,859 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Stock Up 2.4 %

Shares of NYSE:SLVM opened at $60.33 on Monday. Sylvamo Co. has a 12-month low of $54.94 and a 12-month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.46 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a fifty day simple moving average of $67.45 and a 200 day simple moving average of $78.42.

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

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio is presently 24.97%.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th.

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.