Bank of New York Mellon Corp Sells 20,146 Shares of Sylvamo Corporation (NYSE:SLVM)

Bank of New York Mellon Corp trimmed its holdings in shares of Sylvamo Corporation (NYSE:SLVM) by 5.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 367,541 shares of the company’s stock after selling 20,146 shares during the period. Bank of New York Mellon Corp owned approximately 0.90% of Sylvamo worth $24,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its stake in shares of Sylvamo by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,639 shares of the company’s stock valued at $288,000 after buying an additional 193 shares in the last quarter. MorganRosel Wealth Management LLC lifted its position in Sylvamo by 1.3% during the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company’s stock valued at $1,172,000 after acquiring an additional 223 shares during the last quarter. NDVR Inc. increased its stake in Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company’s stock valued at $253,000 after purchasing an additional 268 shares in the last quarter. LPL Financial LLC increased its stake in shares of Sylvamo by 1.9% in the fourth quarter. LPL Financial LLC now owns 15,874 shares of the company’s stock worth $1,254,000 after acquiring an additional 299 shares during the period. Finally, Swiss National Bank lifted its holdings in Sylvamo by 0.4% during the fourth quarter. Swiss National Bank now owns 68,500 shares of the company’s stock valued at $5,413,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Trading Up 0.0%

Shares of SLVM stock opened at $50.61 on Friday. Sylvamo Corporation has a 12 month low of $49.72 and a 12 month high of $98.02. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.06 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.99 and a beta of 1.01. The business’s 50 day moving average is $52.82 and its two-hundred day moving average is $63.47.

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

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo’s dividend payout ratio (DPR) is currently 26.32%.

Analyst Upgrades and Downgrades

SLVM has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Sylvamo from $70.00 to $61.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Bank of America decreased their price target on shares of Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 9th.

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.