Swiss National Bank Increases Position in Sylvamo Co. (NYSE:SLVM)

Swiss National Bank raised its position in shares of Sylvamo Co. (NYSE:SLVM) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,500 shares of the company’s stock after buying an additional 300 shares during the period. Swiss National Bank’s holdings in Sylvamo were worth $5,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SLVM. Smartleaf Asset Management LLC lifted its holdings in Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after buying an additional 403 shares in the last quarter. GAMMA Investing LLC raised its stake 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 boosted its holdings 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 purchasing an additional 214 shares during the period. LRI Investments LLC grew its stake in Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after purchasing an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sylvamo during the 3rd quarter worth about $82,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 153,144 shares in the company, valued at approximately $10,035,526.32. This represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Sylvamo Price Performance

SLVM stock opened at $66.21 on Tuesday. The business has a 50 day moving average price of $72.80 and a 200 day moving average price of $80.25. 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 stock has a market cap of $2.68 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02.

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

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s payout ratio is currently 24.97%.

Analysts Set New Price Targets

SLVM has been the topic of a number of recent research reports. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of 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.