2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. grew its position in Sylvamo Co. ( NYSE:SLVM – Free Report ) by 5.
6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,639 shares of the company’s stock after buying an additional 193 shares during the period.
Summit Investment Advisors Inc.’s holdings in Sylvamo were worth $288,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently made changes to their positions in SLVM.
LSV Asset Management increased its position in Sylvamo by 3.8% in the 4th quarter. LSV Asset Management now owns 1,791,684 shares of the company’s stock valued at $141,579,000 after acquiring an additional 66,180 shares during the period.
American Century Companies Inc. raised its stake in shares of Sylvamo by 15.2% during the fourth quarter.
American Century Companies Inc. now owns 1,016,064 shares of the company’s stock valued at $80,289,000 after purchasing an additional 134,066 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sylvamo by 0.
9% in the fourth quarter. Geode Capital Management LLC now owns 923,792 shares of the company’s stock worth $73,011,000 after purchasing an additional 7,795 shares during the period. Allianz Asset Management GmbH grew its position in Sylvamo by 16.
6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock valued at $40,139,000 after buying an additional 72,226 shares in the last quarter. Finally, Invesco Ltd.
raised its position in shares of Sylvamo by 27.5% during the 4th quarter. Invesco Ltd.
now owns 375,231 shares of the company’s stock worth $29,651,000 after buying an additional 80,895 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.
Analyst Ratings Changes Separately, Royal Bank of Canada lowered their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.
Insider Transactions at Sylvamo In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total value of $1,392,512.
50. Following the completion of the sale, the chief executive officer now owns 153,144 shares in the company, valued at approximately $10,035,526.32.
This represents a 12.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
0.74% of the stock is owned by insiders. Sylvamo Price Performance NYSE:SLVM opened at $60.
67 on Monday. Sylvamo Co. has a 52-week low of $54.
94 and a 52-week high of $98.02. The company has a quick ratio of 1.
03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92.
The firm has a market cap of $2.47 billion, a P/E ratio of 8.41, a PEG ratio of 2.
23 and a beta of 1.17. The business’s 50-day moving average price is $65.
74 and its 200 day moving average price is $77.61. Sylvamo ( NYSE:SLVM – Get Free Report ) last released its earnings results on Wednesday, February 12th.
The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.
10. Sylvamo had a net margin of 7.96% and a return on equity of 34.
72%. As a group, sell-side analysts predict that Sylvamo Co. will post 7.
45 earnings per share for the current fiscal year. Sylvamo Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.
45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.
97%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is 24.
97%. Sylvamo Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding SLVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sylvamo Co.
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