Swiss National Bank Sells 1,200 Shares of Sylvamo Co. (NYSE:SLVM)

Swiss National Bank decreased its position in Sylvamo Co. (NYSE:SLVM) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,200 shares of the company’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned about 0.17% of Sylvamo worth $5,855,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CWM LLC grew its stake in shares of Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock valued at $28,000 after buying an additional 157 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in Sylvamo by 6,733.3% in the 2nd quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 404 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock worth $38,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 171 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Sylvamo by 149.3% in the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 303 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Down 3.4 %

Shares of SLVM opened at $91.26 on Thursday. 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 company has a 50-day simple moving average of $86.14 and a 200-day simple moving average of $76.98. Sylvamo Co. has a 52 week low of $44.94 and a 52 week high of $98.02. The firm has a market capitalization of $3.74 billion, a P/E ratio of 14.19 and a beta of 1.08.

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

Sylvamo Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America boosted their target price on Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their target price on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target for the company.

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.