Sylvamo Co. (NYSE:SLVM – Get Rating) SVP Thomas A. Cleves bought 4,976 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was purchased at an average price of $50.37 per share, with a total value of $250,641.12. Following the completion of the purchase, the senior vice president now directly owns 52,755 shares of the company’s stock, valued at approximately $2,657,269.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Sylvamo Trading Down 1.2 %
NYSE SLVM opened at $48.88 on Monday. The company’s fifty day moving average price is $47.90 and its two-hundred day moving average price is $46.31. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.21. Sylvamo Co. has a 12 month low of $28.37 and a 12 month high of $57.38. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 0.13 and a beta of 1.23.
Sylvamo (NYSE:SLVM – Get Rating) last posted its quarterly earnings results on Friday, February 10th. The company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.15). Sylvamo had a return on equity of 98.94% and a net margin of 3.12%. The business had revenue of $927.00 million during the quarter. As a group, research analysts predict that Sylvamo Co. will post 9.05 earnings per share for the current fiscal year.
Sylvamo Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, April 6th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Sylvamo’s dividend payout ratio (DPR) is presently 37.45%.
Analyst Ratings Changes
Separately, Bank of America downgraded shares of Sylvamo from a “buy” rating to a “neutral” rating and upped their target price for the company from $56.00 to $58.00 in a research note on Thursday, December 15th.
Hedge Funds Weigh In On Sylvamo
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its stake in Sylvamo by 721.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 50,676 shares of the company’s stock valued at $1,718,000 after buying an additional 44,504 shares during the period. Federated Hermes Inc. increased its stake in Sylvamo by 16,050.7% during the 3rd quarter. Federated Hermes Inc. now owns 116,285 shares of the company’s stock valued at $3,942,000 after buying an additional 115,565 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Sylvamo by 247.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 361,912 shares of the company’s stock valued at $12,269,000 after buying an additional 257,625 shares during the period. Quantbot Technologies LP increased its stake in Sylvamo by 125.6% during the 2nd quarter. Quantbot Technologies LP now owns 19,532 shares of the company’s stock valued at $638,000 after buying an additional 10,874 shares during the period. Finally, Empowered Funds LLC acquired a new position in Sylvamo during the 3rd quarter valued at about $1,514,000. Institutional investors and hedge funds own 85.95% of the company’s stock.
Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp.
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