Victory Capital Management Inc. Buys 812 Shares of Sylvamo Co. (NYSE:SLVM)

Victory Capital Management Inc. raised its stake in shares of Sylvamo Co. (NYSE:SLVM) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,928 shares of the company’s stock after purchasing an additional 812 shares during the period. Victory Capital Management Inc.’s holdings in Sylvamo were worth $2,918,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Sylvamo by 182.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Fifth Third Bancorp lifted its position in shares of 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 in the last quarter. LRI Investments LLC lifted its position in shares of 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sylvamo in the third quarter valued at about $82,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

NYSE:SLVM opened at $65.42 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.65 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 12 month low of $56.20 and a 12 month high of $98.02. The business’s 50-day moving average is $74.15 and its 200 day moving average is $80.74.

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

Sylvamo Dividend Announcement

The company 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 $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.75%. Sylvamo’s dividend payout ratio is currently 24.97%.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the sale, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several research analyst reports. Bank of America restated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

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.