Foster & Motley Inc. Has $1.89 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Foster & Motley Inc. increased its stake in Sylvamo Co. (NYSE:SLVM) by 108.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,850 shares of the company’s stock after buying an additional 12,411 shares during the quarter. Foster & Motley Inc. owned approximately 0.06% of Sylvamo worth $1,885,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC raised its stake in Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after acquiring an additional 171 shares during the period. Fifth Third Bancorp raised its stake in Sylvamo by 40.9% in the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares during the period. LRI Investments LLC raised its stake in Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after acquiring an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sylvamo in the 3rd quarter valued at $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SLVM shares. Sidoti started coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target on the stock. Bank of America restated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Stock Up 1.2 %

SLVM stock opened at $81.26 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.30 and a beta of 1.13. The business’s fifty day moving average price is $83.66 and its two-hundred day moving average price is $81.17. Sylvamo Co. has a fifty-two week low of $44.94 and a fifty-two week high of $98.02.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The company had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. During the same quarter last year, the business earned $1.70 earnings per share. Sylvamo’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio (DPR) is presently 27.99%.

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.