Charles Schwab Investment Management Inc. Sells 44,932 Shares of Sylvamo Corporation $SLVM

Charles Schwab Investment Management Inc. reduced its stake in Sylvamo Corporation (NYSE:SLVM) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551,745 shares of the company’s stock after selling 44,932 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.35% of Sylvamo worth $37,006,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SLVM. First Citizens Bank & Trust Co. acquired a new position in shares of Sylvamo during the 1st quarter worth approximately $200,000. James Investment Research Inc. acquired a new position in shares of Sylvamo during the 1st quarter worth approximately $251,000. NDVR Inc. grew its position in shares of Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company’s stock worth $253,000 after purchasing an additional 268 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of Sylvamo during the 4th quarter worth approximately $258,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Sylvamo during the 1st quarter worth approximately $263,000. 91.16% of the stock is owned by institutional investors.

Sylvamo Stock Performance

NYSE SLVM opened at $43.80 on Tuesday. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $98.02. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 2.43 and a beta of 1.00. The firm’s 50 day simple moving average is $49.20 and its 200 day simple moving average is $58.22.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The company had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. During the same quarter in the prior year, the business earned $1.98 EPS. The business’s quarterly revenue was down 14.9% on a year-over-year basis. As a group, research analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SLVM shares. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a research report on Monday, August 11th. Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Finally, Bank of America reduced their price target on shares of Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 9th.

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.