LGT Capital Partners LTD. Has $4.42 Million Position in Sylvamo Co. (NYSE:SLVM)

LGT Capital Partners LTD. decreased its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the company’s stock after selling 15,000 shares during the period. LGT Capital Partners LTD.’s holdings in Sylvamo were worth $4,420,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SLVM. Federated Hermes Inc. bought a new stake in Sylvamo during the first quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in Sylvamo in the third quarter worth about $27,000. Tyler Stone Wealth Management bought a new position in shares of Sylvamo during the second quarter valued at $31,000. Quarry LP boosted its holdings in shares of Sylvamo by 80.0% during the 2nd quarter. Quarry LP now owns 830 shares of the company’s stock valued at $34,000 after acquiring an additional 369 shares during the last quarter. Finally, Hollencrest Capital Management raised its holdings in shares of Sylvamo by 170.2% during the third quarter. Hollencrest Capital Management now owns 981 shares of the company’s stock valued at $43,000 after purchasing an additional 618 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Down 0.3 %

Shares of SLVM stock opened at $61.76 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. Sylvamo Co. has a 1 year low of $37.59 and a 1 year high of $64.32. The company has a market cap of $2.55 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.36 and a beta of 1.11. The stock’s 50 day simple moving average is $54.88 and its two-hundred day simple moving average is $49.27.

Sylvamo (NYSE:SLVM) last issued its earnings results on Thursday, February 15th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.34. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. The business had revenue of $964.00 million for the quarter, compared to the consensus estimate of $903.72 million. During the same period in the prior year, the firm earned $1.97 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that Sylvamo Co. will post 5.75 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 5th. This represents a $1.20 annualized dividend and a yield of 1.94%. Sylvamo’s dividend payout ratio (DPR) is presently 20.27%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TheStreet upgraded Sylvamo from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $55.00 target price (up from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

Insider Buying and Selling at Sylvamo

In other news, SVP Peggy Maes sold 1,500 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $63.20, for a total transaction of $94,800.00. Following the sale, the senior vice president now owns 11,249 shares in the company, valued at $710,936.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Peggy Maes sold 1,500 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $63.20, for a total transaction of $94,800.00. Following the completion of the transaction, the senior vice president now owns 11,249 shares of the company’s stock, valued at $710,936.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeanmichel Ribieras sold 12,226 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $62.94, for a total value of $769,504.44. Following the completion of the sale, the chief executive officer now owns 144,501 shares in the company, valued at approximately $9,094,892.94. The disclosure for this sale can be found here. Insiders have sold 26,951 shares of company stock worth $1,618,664 over the last quarter. Insiders own 0.33% of the company’s stock.

Sylvamo Company 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.