American Century Companies Inc. Increases Holdings in Sylvamo Corporation $SLVM

American Century Companies Inc. boosted its position in Sylvamo Corporation (NYSE:SLVM) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,290,957 shares of the company’s stock after buying an additional 87,095 shares during the period. American Century Companies Inc. owned approximately 3.27% of Sylvamo worth $57,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLVM. Royal Bank of Canada lifted its stake in Sylvamo by 49.4% during the 1st quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock valued at $1,532,000 after acquiring an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sylvamo by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock worth $1,388,000 after purchasing an additional 893 shares during the last quarter. Empowered Funds LLC lifted its position in Sylvamo by 16.9% during the first quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,557 shares during the period. Intech Investment Management LLC boosted its holdings in Sylvamo by 25.9% in the first quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock valued at $1,217,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Savant Capital LLC purchased a new stake in Sylvamo in the second quarter valued at $260,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Activity at Sylvamo

In other news, SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total transaction of $150,995.00. Following the completion of the sale, the senior vice president owned 46,484 shares of the company’s stock, valued at $2,159,646.64. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Sylvamo Stock Down 2.9%

Shares of SLVM opened at $45.25 on Friday. The firm has a market cap of $1.79 billion, a P/E ratio of 13.88, a PEG ratio of 0.55 and a beta of 0.96. Sylvamo Corporation has a 12 month low of $37.51 and a 12 month high of $69.42. The stock’s 50 day moving average is $49.24 and its two-hundred day moving average is $46.48. The company has a current ratio of 1.50, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.

Sylvamo (NYSE:SLVM) last announced its earnings results on Thursday, February 12th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The firm had revenue of $890.00 million for the quarter, compared to analyst estimates of $858.76 million. During the same quarter last year, the firm posted $1.96 EPS. The business’s revenue was down 8.2% on a year-over-year basis. Analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Sylvamo’s dividend payout ratio (DPR) is presently 55.21%.

Analyst Ratings Changes

SLVM has been the subject of a number of recent research reports. Bank of America upgraded Sylvamo from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $41.00 to $59.00 in a research note on Monday, November 17th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $53.00 price target on shares of Sylvamo in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.