Sanctuary Advisors LLC Raises Position in Sylvamo Co. (NYSE:SLVM)

Sanctuary Advisors LLC raised its position in Sylvamo Co. (NYSE:SLVM) by 100.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,904 shares of the company’s stock after acquiring an additional 8,994 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sylvamo were worth $1,627,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of Sylvamo by 62.5% during the second quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after purchasing an additional 157 shares in the last quarter. Independence Bank of Kentucky boosted its stake in Sylvamo by 6,733.3% during 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. Fifth Third Bancorp grew its holdings in shares of Sylvamo by 149.3% during the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after buying an additional 303 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after buying an additional 239 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after buying an additional 171 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SLVM shares. Sidoti assumed coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 price objective for the company. Bank of America restated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Down 0.6 %

Shares of SLVM stock opened at $79.08 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02. The company’s 50-day moving average price is $87.87 and its 200-day moving average price is $78.93. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.92 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last posted its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.26. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. Sylvamo’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 EPS. As a group, equities analysts predict that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, January 6th. This represents a $1.80 annualized dividend and a yield of 2.28%. Sylvamo’s dividend payout ratio (DPR) is 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.