Yousif Capital Management LLC Has $1.03 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Yousif Capital Management LLC cut its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,065 shares of the company’s stock after selling 254 shares during the quarter. Yousif Capital Management LLC’s holdings in Sylvamo were worth $1,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SLVM. Fortitude Family Office LLC lifted its holdings in shares of Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after buying an additional 239 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sylvamo by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after buying an additional 171 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after buying an additional 214 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after buying an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sylvamo during the 3rd quarter valued at about $82,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Stock Up 0.2 %

SLVM opened at $71.93 on Friday. The business has a 50 day moving average price of $80.39 and a 200 day moving average price of $81.46. Sylvamo Co. has a twelve month low of $50.00 and a twelve month high of $98.02. 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 firm has a market cap of $2.95 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12.

Sylvamo (NYSE:SLVM) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. Research analysts forecast that Sylvamo Co. will post 7.15 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.50%. The ex-dividend date was Monday, January 6th. Sylvamo’s dividend payout ratio is currently 27.99%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLVM. Bank of America reiterated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday.

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.