Sylvamo Co. (NYSE:SLVM) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. lifted its position in Sylvamo Co. (NYSE:SLVM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,168 shares of the company’s stock after purchasing an additional 1,018 shares during the quarter. Prudential Financial Inc. owned approximately 0.32% of Sylvamo worth $10,523,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC raised its position in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp boosted its stake in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC grew its position 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the third quarter valued at $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SLVM shares. Royal Bank of Canada lowered their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Bank of America reiterated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Trading Up 0.6 %

Shares of Sylvamo stock opened at $67.28 on Friday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 52-week low of $56.35 and a 52-week high of $98.02. The company’s 50-day simple moving average is $71.86 and its 200-day simple moving average is $79.98. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. As a group, equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio is presently 24.97%.

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.