Yousif Capital Management LLC Sells 466 Shares of Sylvamo Corporation (NYSE:SLVM)

Yousif Capital Management LLC lowered its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,599 shares of the company’s stock after selling 466 shares during the quarter. Yousif Capital Management LLC’s holdings in Sylvamo were worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC grew 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 purchasing an additional 403 shares during the last quarter. Covestor Ltd boosted its position in shares of Sylvamo by 464.5% in the 4th quarter. Covestor Ltd now owns 779 shares of the company’s stock worth $62,000 after purchasing an additional 641 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock worth $159,000 after buying an additional 218 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in Sylvamo during the 1st quarter valued at about $200,000. Finally, DRW Securities LLC acquired a new position in Sylvamo during the 4th quarter valued at about $225,000. Institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered their price target on Sylvamo from $70.00 to $61.00 and set a “sector perform” rating for the company in a report on Monday, May 12th.

Sylvamo Trading Down 0.9%

Shares of Sylvamo stock opened at $50.14 on Friday. The firm’s 50 day simple moving average is $56.20 and its two-hundred day simple moving average is $68.16. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.97 and a beta of 1.07. Sylvamo Corporation has a 12-month low of $50.01 and a 12-month high of $98.02. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, May 9th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $819.61 million. During the same period in the previous year, the company earned $1.07 earnings per share. Sylvamo’s revenue was down 9.3% on a year-over-year basis. Analysts predict that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Tuesday, July 8th. Sylvamo’s payout ratio is 26.32%.

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.