Capital Fund Management S.A. Purchases New Stake in Sylvamo Corporation $SLVM

Capital Fund Management S.A. purchased a new stake in shares of Sylvamo Corporation (NYSE:SLVM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,535 shares of the company’s stock, valued at approximately $828,000.

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC lifted its position in Sylvamo by 248.4% in the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company’s stock valued at $11,714,000 after acquiring an additional 124,521 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Sylvamo in the second quarter worth approximately $8,146,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Sylvamo in the second quarter valued at approximately $445,000. Intech Investment Management LLC boosted its position in shares of Sylvamo by 47.5% during the second quarter. Intech Investment Management LLC now owns 26,758 shares of the company’s stock valued at $1,341,000 after buying an additional 8,618 shares during the last quarter. Finally, Strs Ohio bought a new stake in Sylvamo during the first quarter worth $838,000. 91.16% of the stock is owned by institutional investors.

Sylvamo Stock Performance

NYSE SLVM opened at $48.78 on Friday. The company has a market capitalization of $1.92 billion, a PE ratio of 11.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.52. Sylvamo Corporation has a 52-week low of $37.51 and a 52-week high of $92.89. The company has a 50-day simple moving average of $44.14 and a 200 day simple moving average of $46.99.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, November 7th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $840.32 million. During the same period in the prior year, the company earned $2.44 earnings per share. The firm’s revenue was down 12.3% on a year-over-year basis. On average, research analysts predict that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, October 3rd. Sylvamo’s dividend payout ratio (DPR) is currently 41.19%.

Wall Street Analyst Weigh In

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

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.