Russell Investments Group Ltd. Lowers Stock Position in Sylvamo Co. (NYSE:SLVM)

Russell Investments Group Ltd. lowered its stake in shares of Sylvamo Co. (NYSE:SLVM) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,522 shares of the company’s stock after selling 4,010 shares during the quarter. Russell Investments Group Ltd.’s holdings in Sylvamo were worth $910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after acquiring an additional 403 shares in the last quarter. GAMMA Investing LLC grew its position in Sylvamo by 43.6% during 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 period. Fifth Third Bancorp grew its position in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo in the third quarter valued at approximately $82,000. Finally, Fortitude Family Office LLC increased its holdings in 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. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Down 4.1 %

Sylvamo stock opened at $58.21 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56. The company has a market capitalization of $2.37 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. Sylvamo Co. has a fifty-two week low of $54.94 and a fifty-two week high of $98.02. The firm has a 50 day moving average price of $65.50 and a 200 day moving average price of $77.44.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 EPS 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%. Research analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 3.09%. Sylvamo’s payout ratio is currently 24.97%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by company insiders.

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.