Swiss National Bank Has $5.86 Million Position in Sylvamo Co. (NYSE:SLVM)

Swiss National Bank reduced its stake in shares of Sylvamo Co. (NYSE:SLVM) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,200 shares of the company’s stock after selling 1,200 shares during the quarter. Swiss National Bank’s holdings in Sylvamo were worth $5,855,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in Sylvamo by 62.5% during the second quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after acquiring an additional 157 shares in the last quarter. Independence Bank of Kentucky raised its stake in Sylvamo by 6,733.3% during the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 404 shares in the last quarter. Fortitude Family Office LLC raised its stake in Sylvamo by 116.6% during the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC raised its stake in Sylvamo by 59.0% during the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after acquiring an additional 171 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Sylvamo by 149.3% during the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after acquiring an additional 303 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sylvamo Stock Performance

Shares of NYSE:SLVM opened at $91.26 on Thursday. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02. The firm has a market cap of $3.74 billion, a PE ratio of 14.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. The business has a fifty day moving average of $86.14 and a 200-day moving average of $76.98.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.26. The business had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Sylvamo Co. will post 7.07 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, October 3rd. Sylvamo’s dividend payout ratio is 27.99%.

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.