LPL Financial LLC Boosts Stock Position in Sylvamo Co. (NYSE:SLVM)

LPL Financial LLC grew its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,874 shares of the company’s stock after buying an additional 299 shares during the quarter. LPL Financial LLC’s holdings in Sylvamo were worth $1,254,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after acquiring an additional 403 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after buying an additional 201 shares during the last quarter. Fifth Third Bancorp raised its stake in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after buying an additional 214 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sylvamo during the 3rd quarter worth approximately $82,000. Finally, Fortitude Family Office LLC grew its position in shares of Sylvamo by 277.9% in the 4th quarter. Fortitude Family Office LLC now owns 1,678 shares of the company’s stock worth $133,000 after acquiring an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Activity at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $60.67 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $65.74 and its two-hundred day moving average price is $77.67. Sylvamo Co. has a 52-week low of $54.94 and a 52-week high of $98.02. The stock has a market capitalization of $2.47 billion, a P/E ratio of 8.41, a P/E/G ratio of 2.23 and a beta of 1.17.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. As a group, sell-side analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.97%. Sylvamo’s dividend payout ratio (DPR) is presently 24.97%.

Sylvamo 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.