Steward Partners Investment Advisory LLC Has $159,000 Position in Sylvamo Co. (NYSE:SLVM)

Steward Partners Investment Advisory LLC raised its holdings in Sylvamo Co. (NYSE:SLVM) by 12.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,010 shares of the company’s stock after acquiring an additional 218 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Sylvamo were worth $159,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after acquiring an additional 403 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after acquiring an additional 201 shares during the last quarter. Fifth Third Bancorp lifted its stake in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares during the last quarter. LRI Investments LLC lifted its stake in Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after acquiring an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sylvamo in the third quarter valued at approximately $82,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SLVM. Royal Bank of Canada reduced their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Bank of America reissued an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Up 2.8 %

NYSE:SLVM opened at $65.42 on Friday. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $74.15 and its 200-day moving average is $80.71.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. Equities analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is currently 24.97%.

Insiders Place Their Bets

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50. Following the sale, the chief executive officer now owns 153,144 shares in the company, valued at $10,035,526.32. The trade was a 12.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

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.