Ensign Peak Advisors Inc Cuts Holdings in Sylvamo Corporation $SLVM

Ensign Peak Advisors Inc lowered its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,779 shares of the company’s stock after selling 1,900 shares during the period. Ensign Peak Advisors Inc’s holdings in Sylvamo were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Sail Capital LP bought a new stake in Sylvamo during the second quarter valued at about $8,146,000. Vanguard Group Inc. lifted its position in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after buying an additional 149,326 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Sylvamo in the 2nd quarter valued at about $7,462,000. Jane Street Group LLC grew its position in shares of Sylvamo by 248.4% in the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company’s stock worth $11,714,000 after buying an additional 124,521 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Sylvamo by 10.6% in the 1st quarter. American Century Companies Inc. now owns 1,123,686 shares of the company’s stock worth $75,366,000 after buying an additional 107,622 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Trading Down 1.0%

NYSE SLVM opened at $47.37 on Monday. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $93.79. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.85. The company has a market capitalization of $1.87 billion, a PE ratio of 10.84 and a beta of 0.95. The company has a fifty day moving average of $43.64 and a 200 day moving average of $47.14.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). The company had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $840.32 million. Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.44 EPS. Research analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.8%. Sylvamo’s dividend payout ratio (DPR) is presently 41.19%.

Wall Street Analysts Forecast Growth

SLVM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, October 8th. Zacks Research upgraded Sylvamo to a “strong sell” rating in a research note on Monday, August 11th. Bank of America raised Sylvamo from an “underperform” rating to a “buy” rating and upped their target price for the company from $41.00 to $59.00 in a research report on Monday, November 17th. Finally, Royal Bank Of Canada raised their price target on Sylvamo from $47.00 to $49.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.00.

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.