Crossmark Global Holdings Inc. Purchases New Shares in Sylvamo Co. (NYSE:SLVM)

Crossmark Global Holdings Inc. acquired a new position in shares of Sylvamo Co. (NYSE:SLVM) during the third quarter, Holdings Channel reports. The fund acquired 2,578 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors have also recently made changes to their positions in SLVM. Vanguard Group Inc. increased its position in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock valued at $174,771,000 after acquiring an additional 138,655 shares during the last quarter. Simplicity Wealth LLC increased its holdings in Sylvamo by 105.7% during the second quarter. Simplicity Wealth LLC now owns 14,192 shares of the company’s stock worth $974,000 after buying an additional 7,291 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Sylvamo by 33.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,156 shares of the company’s stock worth $2,104,000 after acquiring an additional 8,503 shares during the period. Los Angeles Capital Management LLC boosted its stake in Sylvamo by 80.4% in the second quarter. Los Angeles Capital Management LLC now owns 23,181 shares of the company’s stock valued at $1,590,000 after acquiring an additional 10,332 shares during the last quarter. Finally, Summit Global Investments bought a new position in shares of Sylvamo during the 2nd quarter valued at approximately $1,170,000. Institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SLVM shares. Royal Bank of Canada upped their price target on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Sidoti assumed coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Bank of America boosted their price objective on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd.

Sylvamo Stock Up 1.1 %

Shares of NYSE:SLVM opened at $85.52 on Tuesday. The firm has a fifty day moving average of $84.17 and a 200 day moving average of $75.82. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.05 and a current ratio of 1.72. The firm has a market capitalization of $3.51 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 4.73 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. As a group, research analysts anticipate that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.10%. Sylvamo’s dividend payout ratio (DPR) is 27.99%.

About Sylvamo

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.