Mercer Global Advisors Inc. ADV Makes New Investment in Sylvamo Co. (NYSE:SLVM)

Mercer Global Advisors Inc. ADV purchased a new position in Sylvamo Co. (NYSE:SLVM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,295 shares of the company’s stock, valued at approximately $226,000.

Other large investors have also recently modified their holdings of the company. Denali Advisors LLC raised its holdings in Sylvamo by 10.8% in the second quarter. Denali Advisors LLC now owns 92,200 shares of the company’s stock worth $6,325,000 after buying an additional 9,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sylvamo by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock worth $90,276,000 after purchasing an additional 62,157 shares during the period. Federated Hermes Inc. boosted its position in shares of Sylvamo by 278.4% in the second quarter. Federated Hermes Inc. now owns 10,214 shares of the company’s stock worth $701,000 after purchasing an additional 7,515 shares during the period. Vest Financial LLC boosted its position in shares of Sylvamo by 18.4% in the second quarter. Vest Financial LLC now owns 16,252 shares of the company’s stock worth $1,115,000 after purchasing an additional 2,531 shares during the period. Finally, BOKF NA boosted its position in shares of Sylvamo by 41.7% during the second quarter. BOKF NA now owns 16,029 shares of the company’s stock worth $1,100,000 after acquiring an additional 4,720 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their target price on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $85.85 on Tuesday. The firm has a market cap of $3.53 billion, a PE ratio of 18.30, a PEG ratio of 5.01 and a beta of 1.07. The firm has a fifty day moving average of $76.51 and a 200 day moving average of $69.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.68. Sylvamo Co. has a one year low of $40.79 and a one year high of $88.42.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.40. Sylvamo had a net margin of 6.30% and a return on equity of 28.83%. The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $937.56 million. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Sylvamo’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts predict that Sylvamo Co. will post 7.4 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 3rd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.80 annualized dividend and a yield of 2.10%. Sylvamo’s dividend payout ratio (DPR) is 38.38%.

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.